Notices by cjd (cjd@pkteerium.xyz), page 3
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Which should be surprising to no one.
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To my knowledge, nobody in the investor community considers US govt default a realistic risk.
The problem the US faces is if the interest rate on their bonds goes up, it causes a global bank run on all banks. You see, nobody will leave cash in the bank at 0.2% when they can lend to uncle sam at 10%, and the banks can only pay 0.2% because they used that cash to write 30 year mortgages at 1% back in 2017, so boom the whole banking sector suddenly becomes insolvent.
> on the long term (centuries)
Nobody holds cash for centuries because over such a long timeline it gets devalued to nothing.
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This one is a classic:
> The USD is backed by nothing
The Nothing:
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You're not understanding...
The US isn't going to just willingly stop the scheme because it benefits them to keep it going, and that means continuing to pay out it's creditors in dollars that they get to print - in exchange for those creditors happily giving them back said dollars for new loans in the future, thus establishing their value. THIS IS THE FOUNDATION OF THE EMPIRE.
Now maybe those creditors are going to say "screw you, I'm putting my money elsewhere". But if they do, then that elsewhere is gonna become a glass parking lot. When the world burns, investors panic and go back to the USD for safety.
Like I said, the USD is backed by uranium.
And this system will never collapse unless either:
A. They decide to intentionally collapse it and convert it into something else, or
B. Every munition has been spent.
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Yeap.
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The USD is not backed by gold, it's backed by uranium.
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IMO the risk with US treasuries is inflation / devaluation. Personally I like to try to keep my debts matching my cash position, but both of those are quite small...
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VaxMan thinks a country can default on debts which are denominated in the currency that they themselves print.
Why am I not surprised?
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Dumb question: Why do you have to change the oil filter every oil change?
Is there something it's actually picking up? AFAIK the oil needs to be changed because of sludge and acid buildup, and the filter only traps grit and metal shavings. But if you have enough grit and metal shavings to actually clog the filter, your engine is already toast.
Anyone know anything about this?
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The existence of EVs at all is downstream of phone addiction...
To add a little nuance to my position, I do think banning internal combustion may be appropriate in specific areas where air pollution is a massive health problem (certain cities which have very little wind).
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I think most pro-social messaging has been either done very poorly (couple of college graduates with a grant, poorly), or else it was actually anti-social messaging disguised as pro-social (sesame street).
Do you know of anyone like on YT or elsewhere who is doing this kind of video and you feel like they're doing it really well ?
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I feel like I've seen that kind of thing, either in old TV. I guess China is heavy on that type of thing.
In principle, stuff like Mr. Rogers was teaching positive behavior albeit aimed at kids.
I think probably the reason that stuff doesn't exist so much on YT is because it comes off as manipulative and people don't want to see that. Even if it's manipulating you to be a better version of yourself, it will still *feel* disingenuous.
It strikes me that if you take something like YT, and don't try to rig the algo at all, just let it recommend what people actually like. Even if you ban everything that's political / controversial, people are going to gravitate toward stuff that makes them feel positive - which is going to end up converging on the best material possible.
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I actually hope California will make them mandatory
Because I don't live anywhere near California
And if they do then economies of scale will make them more competitive where I do live...
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(before anyone takes this out of context, no, actually I don't hope that anyone will force anything on anyone, it's more of a joke)
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I don't hate electric cars, I think they're cool. I might even buy one, when they figure out how to make them last 20 years and be comparably priced to a normal car...
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Sounds like the average "X Garage" youtube channel
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Okay I can buy that premise, but tell me what would be the programming on YOUR ideal TV station?
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They give you more money if it's an air->water heat pump to replace a boiler system, less if it's a mini-split, so I think they're catching on...
But I like mini-splits, AC, fairly cheap heat, and air filtration in every room...
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> In Geneva you must have a "valid reason" to purchase AC, such as a health condition.
Lol.
In France, the state will help you pay for your AC, you just have to call it a "heat pump".
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Most common emoji reaction I get...
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cjd
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