Notices by GhostOnTheHalfShell (ghostonthehalfshell@masto.ai), page 8

@StillIRise1963 @GreenFire

One thing is certain the totalitarian takeover of the United States is going to hit farmers particularly hard. Not only have the fruit vegetable farming sector lost their workforce, and in California the summer water supply, but US AID, NOAA, you can expect the USDA to stop assisting them and useful things like soil erosion prevention and of course, Wall Street is gonna make a ton of money off of farm bankruptcy.

Agricultural research. It’s all gone.

@StillIRise1963

It cost lots of money to pick out of the ocean the few remaining tuna, which are probably mostly plastic now

@munin

I wanna roll this idea past you that billionaires are a transnational plutocracy. They have more loyalty if it can be called that to the own economic strata, and none to any particular nation.

This is especially true of the ultra libertarian faction of wealth, which I think largely almost all of them are.

They despise nations. They have nothing but contempt for a prosperous population, they believe in Mudsill theory.

…

@economics-that-works

At least the women-folk economists see things clearly.

The raiders have smashed into the house and are pillaging and murdering. The only thing the men say "gee, that machete hurts people, that machete isn't a good economic policy tool, you need this plow to grow more food"

https://stephaniekelton.substack.com/p/will-the-ratings-agencies-react-to

#mmt #economics

The USA right now

https://www.youtube.com/watch?v=wvM_JpqViBA

Jan 31

4 min

Flying the flag for Switch Day.

Since YouTube in all its wisdom inflicted a content warning against a link to a *reuters* news article regarding the tiktok ban, I have reposted.

* the re-upload worked and I’d really appreciate the boosts.

People must always be the algorithm.

https://www.youtube.com/watch?v=DSHgpVkrwUI

#SwitchDay

@ai6yr

“ … As Matt Stoller explains, the Los Angeles Fire Department has more than half its fire trucks out of service. That is in large part because of Private Equity’s role in buying up (‘rolling up’) or ‘consolidating’ the fire truck industry into one company, American Industrial Partners, which is now in a monopoly position to “force up prices across the board”.

This should enrage everyone in LA. Newsom should act on this.

https://annpettifor.substack.com/p/our-uninsurable-future

#ca #uspol #climatechange

@ATLeagle @GottaLaff @NyakoKitty

Because they all embrace mainstream economic delusion. Policies derived from mainstream economic theory, insist that the government competes with the private market for resources.

It’s not true, and government spending is economic activity. Furthermore, fed spending furnishes the economy with money (fed taxes deletes money).

These economists were often supported by the world’s wealthiest people. Some of them have worked on climate denial.

@GottaLaff @NyakoKitty

I suspect it will be weeks and maybe even months before the full effect is felt, but some companies have already raised prices in anticipation of tariffs.

Worse than all of this though is, we are facing a poly crisis, not only a climate but most acutely a political one

Oh wait I forgot farm labor is on hiatus during harvest season..

Now I am cheezed off.

YouTube decided to strike against a video because I posted a *Reuters* news article.

I had no warning BEFORE publishing.

and I am off line from it until May.

Elon Musk’s wealth and influence derives from the value of Tesla stock.

#PullThePlugOnTesla

And as wealth is gone in a flash

https://finance.yahoo.com/quote/TSLA/

@DeliaChristina @anubis2814

Absolutely. somebody’s mentioned a little bit further down the chances of these jokers being competent securing their own Internet and networking, I think is vanishing small.

Maybe we can even get one of the newest AI to do it for us

@SmudgeTheInsultCat

God the way the German state writhes in its own contradictions, is painful at times. Tesla is a Nazi company, deal with it Germany.

@br00t4c

Pox Americana

@br00t4c

Well, the general historical idea behind that kind of tax is at least centuries ago historically, the money supply was remounted on a periodic basis and in order to get the new valid currency, you had to bring in the old currency and it was exchange for four old tokens for three new ones. Notably the mint would issue the full compliment of the money supply and that would mean that the city had that 25% tax they could use for public service and it was spent right back into the economy.

@br00t4c

So the foremost issue is is the notion of debt and the social contracts and expectations built around it. Or example the Babylonians used debt Jubilee to prevent too much private debt personal debt from building up and enslaving large chunks of the population..

Distributed leisure does not get rid of credit markets. The majority of bitcoin was very early on by Chinese data centers.

The problem is not who lens but the conditions you face if you run into trouble.

@br00t4c

And to trap one other issue, the chief defect in currency now is that you can hang on to it indefinitely and but for inflation, the tenancy is for individuals hoarding the moneysupply.

There is a very effective counter to this and that’s demurrage tax, which limits a hoard of money o rely long. Money works in the public interest when it’s exchanged and counterproductive when it’s too long a store of value.

As an intermediary, it’s great. As a commodity, it sucks ass.

@br00t4c

The algorithmic money isn’t where the problem lies.

The issue revolves around debt in our concepts of it debt proceeded currency by hundreds of thousands of years. Cultures in an antiquity Babylon is a classic example operated on credit they did not use currency for day-to-day needs. And the Tams people built up with for all sorts of goods and services were settled on the thrashing room floor when the grain harvest was collected in processed

🧵

@br00t4c

Bitcoin can never be worth anything. It’s digital Tulip in a digital shell game.

There’s no way you can operate as a function as a currency.

If you want to double your balance? For k the ledger. Or start your very own Blockchain.

Dozens have been created.

The level of fraud in crypto is astronomical. The people involved in its creation and who funded it have ties to international crime syndicates and of course Silicon Valley libertarians

@cy @CadeJohnson @gerrymcgovern

You are accusing him of the thing he's raising alarm about. These are *not* his views. These are the arguments of Altman, Musk, Thiel, Andreessen.

The highly fictional scifi opera he is referring to is the opera Silicon Valley perpetrates to justify pouring hundreds of millions of dollars into data centers that are now threatening the power and water supply of counties that host them.

You have Schmachtenberger 100% inverted.