anubis2814
Dick Smiths Fair Go Supporters@anubis2814
And yet the so-called left cannot see that #moneyPrinterGoBrr is actually bad for them.
@dsfgs If we tie the minimum wage to inflation it wont. Bitcoin is a ponzi scheme that's killing the planet. youtu.be/jqn1ziDI92I This is why the cost of housing keeps rising, it has little to do with inflation and all about Specilation of essential goods and NIMBYism.
Is renting ethical? After School Democracy S3E1
@anubis2814
That proposal is effectively #trickleDownEconomics mixed with #priceFixing, it hasn't worked for 51 years. It entrenches #neoFeudalism via the #cantillonEffect.
Bitcoin is the hardest money ever discovered and hashing is a solemn duty to secure it from adversaries and saving our planet from #overConsumption. The militaryIndustrialComplex (#MICIMATT) is the ponzi literally burning the planet.
@anubis2814
Yes, #speculation is a #fiat issue stemming from corrupt #moneyPrinting + #rentseekers.
Say "#nimbyism" to small towns in #Europe that are still close to their #farmland and still have a defendable #culture. If being a #NIMBY is about a short #farmToPlate distance maybe we need more of it, not less.
Vertical sprawl = delayed #urbanSprawl, just wait a generation.
We don't have democratically elected #leaders, we have a #corporateState.
@anubis2814
Even if #cryptocurrencies used 2% it would be fine as it solves a #wickedProblem.
Estimates we see are 0.5% and its mostly #renewable, #strandedEnergy and flared stuff that would go to waste otherwise. Also in winter some use it for #heating a small room, and even food prep, eg. #fermentation etc.
The whole energy use alarmism is a #redHerring, and a corporateState #rhetoric.
Stop wasting time, get on board.
Give banks a new job in PGP and SSL cert verification.
@dsfgs The fiat issue isn't a problem and the money printing isn't what you think it is. There is always an exchange in the market when more moeny is printed to pay for it through lowering interest rates. When the fed needs to let up on inflation, they then remove money from the economy and interest rates rise. Inflation is tied in to money mostly because otherwise rich people would just hoard it, and speculate on it and instead they invest it. Its what happened back in the day.
BTW you look SO cringe with all the #hashtags in you posts and looks like you are throwing around terms you have only very vague ideas what they mean but you feel smart using them hoping others will see it.
Please watch Howmoneyworks on youtube, he explains it way better. The problem you view as a #wickedproblem will not be fixed by cryopto. Bitcoin especially is all over the place in value and no one will ever use it fully because people need a currency to be steady and not have their money based on the whim of the market buying it. The rich like Musk will be able to buy it low, jack its value up and then sell it all high making a massive profit just like what happened when we used the gold standard. In fact he literally did that.
No it doesn't fix the problem and that energy you say would be wasted otherwise could be used as energy elsewhere. Also I'd really like to be able to buy a GPU someday.
BTW you look SO cringe with all the #hashtags in you posts and looks like you are throwing around terms you have only very vague ideas what they mean but you feel smart using them hoping others will see it.
Please watch Howmoneyworks on youtube, he explains it way better. The problem you view as a #wickedproblem will not be fixed by cryopto. Bitcoin especially is all over the place in value and no one will ever use it fully because people need a currency to be steady and not have their money based on the whim of the market buying it. The rich like Musk will be able to buy it low, jack its value up and then sell it all high making a massive profit just like what happened when we used the gold standard. In fact he literally did that.
No it doesn't fix the problem and that energy you say would be wasted otherwise could be used as energy elsewhere. Also I'd really like to be able to buy a GPU someday.
@anubis2814
If you wish to write about #interestRates, they have been trending lower for the past 51 years steadily because its a debt-based ponzi. Now the rate is negative, relative to moneyPrinting/inflation.
Inflation is defined as inflation in the moneySupply. The rising prices is just an effect of the inflation. The #CPI is a scam and attempts to hide the inflation.
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@dsfgs The rising prices are not just caused by inflation, and interest rates when negative means global uncertainty and the US dollar is the most stable currency out there and you are way less likely to lose value than any of the other investments or markets out there, the exact opposite of bitcoin which is so volitile you could literally lose it all. Currently inflation is caused by supply chain snags and lack of workers who are asking for more money as well as the housing bubble which you rightly discussed the cause. Inflation was essentially stuck at <1% for about a decade prior to the pandemic so if anything this is playing catchup as a healthy rise is 2%. Its not a ponzi scheme, and is WAY more stable than bitcoin will ever be. Also people don't use bitcoin they often hoard it thinking it will be more valuable in the future which is always true at the beginning of a ponzi scheme until it all collapses. While people with pure long term savings will lose money from inflation as its set up to be, people will debt will actually have their debt lessened over time with inflation which is great for people or comapnies trying to invest in their future. It actually all evens out. Or would if we were to tie minimum wage to inflation.
@anubis2814
@anubis2814
This discussion gets to the meat and potatoes very quickly.
The low inflation in the past decade is false, again CPI gets #hedonicAdjustments so things that do go up in price, like #assets are omitted from the #basketOfGoods.
Products on shelves being kept somewhat cheap is a by-product of #offshoring, precarious just in time structures, #environmental abuses, #humanTrafficking and migrant abuse, outright #fraud and…1/2
@anubis2814
1/2… market manipulation (#spoofing), hegemonic and organised destruction of people and places via conflict, drugTrade (see CIA #CocaineImportingAgency), #conflictMining, coups, other pushFactors which create displacement and a pool of desperate refugees from which to draw from. Finally #lawfare/#suppression such as that seen against #Donziger, #Assange, and many others which keep costs and damages for abuses low, or non-existant.
1/2… market manipulation (#spoofing), hegemonic and organised destruction of people and places via conflict, drugTrade (see CIA #CocaineImportingAgency), #conflictMining, coups, other pushFactors which create displacement and a pool of desperate refugees from which to draw from. Finally #lawfare/#suppression such as that seen against #Donziger, #Assange, and many others which keep costs and damages for abuses low, or non-existant.
@anubis2814
One last part about keeping some prices low, did you notice how they tax now, by crashing markets **when it suits them** and when they know it will do the most damage? See 2008. See #RepoCrisis that started in Sept 2019 but only after Congress was breifed on 'COVID' in Jan'2020 and after they restructured their finances did they allow any correction.
The economy is rigged. Socialism for the well-connected and a #riggedSystem against the vast majority.