Notices by cjd (cjd@pkteerium.xyz), page 2
-
Embed this notice
It's always been like that. The US has always derided academia compared to other countries, and it seems to work okay for them because pretty much ~all inventions post-19th century are from the US.
-
Embed this notice
Yup, and you'd be lucky to beat inflation :(
-
Embed this notice
As long as the issuer of the bond is sure to remain solvent. US Treasuries are probably a pretty good deal at 5% but if the rate goes to 10% then those 5% notes you're holding aren't going to be so cool anymore.
Then you can always just bet that no one will agree on anything but the internet will continue to work and gold will keep on being a giant pain in the butt to move around...
-
Embed this notice
Unless you're getting a really good rate of return, you're better off with US treasuries. You can use money market funds so you don't have to deal with actually purchasing the individual notes.
-
Embed this notice
And you're absolutely right that BTC is a big bet, but it's basically betting:
1. Central banks are too incompetent and uncoordinated to issue a global reserve currency that they don't end up printing away to nothing
2. Crypto remains a greasy pole and in the crypto-sphere BTC is impossible to dethrone
3. Gold remains stupid and annoying to move around, protect, or transact in
So basically it's betting against legacy institutions.
Also I personally agree with most of Saifdean Ammous's political message, but that's a personal conviction so YMMV...
-
Embed this notice
Insurers are never supposed to make a fuckton of money, their income should be matching their payouts, modulo a little bit of buffer space.
That said, I think ANY group should be allowed to insure it's members. Say you and I are neighbors and we want to join in an insurance club, we should be allowed to set aside a few thousand € each in a fund, and then buy reinsurance to cover everything above what that fund can cover.
-
Embed this notice
It's a great point, but this is not the only thing that discourages having children. In a lot of places, childcare is obscenely expensive, and one thing you can't really get around is the aspect of being sick more often (ask me how I know).
I think the right way to incentivize having children is by a tax reduction - especially since we all know that without the next generation, public pensions are doomed.
-
Embed this notice
To combat inflation, government is forced to reduce money in circulation. They can either raise taxes on an already small and weak workforce, making them actually LESS productive (Laffer Curve), or they can reduce spending on the elderly. They arrive on Canadian Healthcare 10 times out of 10.
-
Embed this notice
In that case it's a wash, because that money will be spent somehow by someone either way, either the old person or by a heir who receives the inheritance.
-
Embed this notice
Oh, I was thinking about it from the perspective of preventing inflation, not using it to erase the savings of the elder class.
The other day I wrote something about what I expect the US to do:
1. Destroy the stock market
2. Destroy the housing market
3. Begin means-testing Medicare (nice house you got there, you don't need public support that much)
4. Bunch of other stuff re screwing China etc
-
Embed this notice
In this case, cheap. Boomers own two things: A house (bubble), and a bunch of stocks (which right now is dominated by tech bubble shit e.g. NVDA).
The establishment will (IMO) deflate both of these bubbles to wipe out boomer savings because stealing everything from everyone is how the system operates.
-
Embed this notice
Personally I won't touch the stock market, it's all shit.
Even if you just put a dollar into the S&P 500, that's weighted so half of it goes to tech, financials, and healthcare.
Tech is full of imaginary valuation and cooked books.
Financial is all underwater right now because no one wants 0.3% interest when they can get 5% on treasury notes.
Healthcare has actual cashflow, but keep your eyes fixed on this COVID vaccine stuff, because there's a real good chance these companies are gonna end up like Asbestos companies at the end of the 90s.
-
Embed this notice
Idea: Rather than socializing the cost of crime, hold the criminal liable.
Can't pay -> Where does he live? Liability cascades to the owner of his place of residence.
So for example, the child of a woman who rents her apartment commits a crime. He's liable (if over 18), then she's liable, if she can't pay then her landlord is liable.
Effect:
1. Landlords add liability protection to their insurance package
2. Landlord insurance requires the landlord to demand insurance from the tenant
3. Tenants buy insurance and risk adjusters price in likelihood of criminal activity
4. Criminals are *strongly* incentivized to move elsewhere.
-
Embed this notice
.
-
Embed this notice
Yeah yeah yeah, they may attack some ships (which BTW are Chinese ships servicing Europe), but lets see them open a gold storage vault...
-
Embed this notice
Not as much as you might think... The US military is beyond challenge at this point, so there's really no such thing as "my gold", it's always "our gold"...
-
Embed this notice
Collapsing the USD will screw treasury holders (Japan, China), but at the cost of giving a gift to debtors.
Locking China in the dungeon is obviously a goal of the Anglo-American power, but they also have other goals. They need to screw the boomers out of their paid off mansions too.
There's an argument to be made that central banking is old news now. Every country has one, nobody is really fooled by it anymore (except Africa ☠️), and everyone with 2 brain cells to rub together is running their own grift and hoarding gold.
I don't believe for one second that Trump is acting entirely on his own accord, I think he's executing a plan.
Bitcoin may be a winner here on account of the fact that everyone who holds gold is someone the US wants fucked over, so pumping BTC to fade gold is a possible angle of attack (I have Lowery's "Softwar" in my bookcase).
If I had to guess, I'd say:
1. Demolition of the SPX to fuck the 401Ks
2. Means-testing Medicare (nice house you got there)
3. Smashing the housing market via #2 & tightened borrowing restrictions
4. Brrrrrr (fuck treasury holders), inflation suppressed by ruining the global economy
5. US and allies dump the gold market and agree to use BTC as a reserve instead
6. That's the most horrible thing I've ever heard, what do you call your act?
7. The Aristocrats
-
Embed this notice
Don't quite agree re the court thing. If the govt doesn't want to pay out, POTUS can just say "fine, sue us, maybe we'll lose, but the DoJ is gonna investigate you and your family personally, and you WILL be convicted on *something*, and you WILL go to prison, and we WILL pull a favor at the BoP to sure it's maximum security"
-
Embed this notice
The other version of this story is the banks all start collapsing and he says "fuck them, they deserve it, not one dollar!"
Well, cascading failure, banks start dropping like flies, banking regulators call an indefinite bank holiday on ALL banks...
Depositor insurance kicks in, but there's no place to put the money, so Trump is like: Maybe send them USDT? ¯\_(ツ)_/¯
Suddenly out of nowhere USDT becomes The Standard for dollars, and everyone is like "Well we didn't WANT a CBDC but one just kinda happened..."
-
Embed this notice
While you're technically right, calling it oil is a bit of a stretch.
Propane isn't oil.
Gasoline isn't oil.
Brake clean isn't oil.
Yeah, it's kind of slippery, but it's not specified as a lubricant, so the word "oil" is a little bit disingenuous...
Statistics
- User ID
- 5316
- Member since
- 14 Aug 2022
- Notices
- 2291
- Daily average
- 2
cjd
All GNU social JP content and data are available under the