Why Woke Marketing Is A Bad Idea by GeorgeCarlin in economics

[–]GeorgeCarlin[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

That is why I posted this. They did this to themselves voluntarily.

Now those companies are the laughingstock of the whole internet.

Why Woke Marketing Is A Bad Idea by GeorgeCarlin in economics

[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Star Trek turned queer so I cancelled Paramount.

Netflix turns everything queer so I cancelled Netflix.

Turn your product queer and we'll never buy it.

We aren't the only ones that do this. By far.

The Fed Is About To Start Losing Money; What Does That Mean? by GeorgeCarlin in economics

[–]chadwickofwv 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The fed can't lose money. They're the ones who print it.

Everything You Love You Owe to Capitalism - Llewellyn H. Rockwell Jr. by Drewski in economics

[–]Drewski[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

He's referencing the Soviet Union though, not Scandinavia. I don't think he's making the claim that the Scandinavian countries are socialist, or redefining words, at least by my reading. Other than that I agree with your comment.

Everything You Love You Owe to Capitalism - Llewellyn H. Rockwell Jr. by Drewski in economics

[–]HongKongPhooey 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I like the Mises guys and the Austrian school of economics, but some of this isn't quite right.

That was socialism in name only, I would be told. And yet, if socialism does mean anything at all today, it imagines that there can be some social improvement resulting from the political movement to take capital out of private hands and put it into the hands of the state.

Yes, but that type of 'socialism' that we see in Scandinavian countries is actually still Capitalism. It's fair to argue that it's coercive, or even undesirable, but it isn't accurate to depict this arrangement as not being capitalism. We are still talking about a market economy rather than central planning, we are still talking about the means of production being privately owned.

Simply having taxation and social services doesn't mean you aren't a capitalist economy. By this definition the USA is already not capitalist (and hence I wouldnt owe everything to it since we are socialist) because we have free public school, social security, and medicare. It's hard to take this piece seriously when he is redefining words on the fly depending on his already defined position

UK Power and Gas Bills Are About to Double and Triple by raven9 in economics

[–]jet199 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Yep, it's all down to how electricity is priced here. It doesn't actually cost more at the moment, the government regs have put the price up.

UK Power and Gas Bills Are About to Double and Triple by raven9 in economics

[–]IkeConn 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

They did most of it to themselves.

Not even democrats are happy about Biden's student loan forgiveness plan by iamonlyoneman in economics

[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

So what? Millions of registered voters like it.

Inflation by GeorgeCarlin in economics

[–]GeorgeCarlin[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Fighters and especially shōguns mostly already did, i assume.

You gotta know who and where your friends are.

No matter, what is told by the "elite" mishpoke.

Honestly: Just look at those guys. There ain't questions to be asked anymore when the shade of civility should drop, i suppose.

Values instead of prices will have a kinda big comeback, i believe.

Blackstone just stopped buying houses in dozens of cities. I hope they lose their shirts in the coming housing crash. by iamonlyoneman in economics

[–]JasonCarswell 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

IMO, they're going to drive the housing market down as far as they can then spike it back up again, over and over, as much as they can - and pump all owners of their wealth until few survive the housing musical chairs game.

In the end they'll over-regulate those who remain and punish all non-conformists by drowning them in red tape.

Long live Vampire Blackstone in existential angst to suffer the eternal tortures of the soulless damned.

The sooner my fuckwad landlord of a year-and-a-half is removed the better. I just hope the banksters won't fuck with me too.

Blackstone just stopped buying houses in dozens of cities. I hope they lose their shirts in the coming housing crash. by iamonlyoneman in economics

[–]JasonCarswell 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

Oh no! They hadn't considered that! /s

Blackstone just stopped buying houses in dozens of cities. I hope they lose their shirts in the coming housing crash. by iamonlyoneman in economics

[–]iamonlyoneman[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

I'm not afraid they'll go bankrupt, their numbers are only going to go up-up-up over the long term. I'm just hoping they get some of the pain of the average joe first.

Inflation by GeorgeCarlin in economics

[–]magnora7 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." - Thomas Jefferson

And he's right. The rates were low for a long time, but now they've jacked them up very quickly in the last half-year: https://tradingeconomics.com/united-states/repo-rate

Ostensibly they're doing it to counteract the massive inflation caused by all the covid stimulus (and loose money printing prior to that) where some 60% of the total money supply has been created in the last 2 years because of these 0% interest rates for the biggest banks.

But now they're yanking the chain by raising the rates. They're now shifting in to "deflation mode" to try and get inflation back down to only 2% per year, as is their stated goal. But doing this is basically going to crash the economy because they're now making lending money hard to get, mortgages hard to get, etc. So the housing and stock markets and crypto are all probably about to crash, because the easy money is going bye-bye very quickly as they raise central bank repo rates.

Not looking good. Thomas Jefferson fucking called it. This is a huge danger and we are facing it right now worse than ever. But most regular people have no idea, they just see gas and food getting more expensive and the news convinces them it has something to do with russia and war, instead of years of insane lending policies that have created the biggest bubble the world has ever seen. And now central banks (of almost every nation because they all did the same thing) have to choose between runaway inflation, or stopping the inflation that tightens the money supply and will collapses the economy that's basically a giant bubble. Lose-lose.

Buckle up.

Blackstone just stopped buying houses in dozens of cities. I hope they lose their shirts in the coming housing crash. by iamonlyoneman in economics

[–]HiddenFox 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (0 children)

Yeah like back in 2008 once things crash those with the cash will go a a spending spree.

Blackstone just stopped buying houses in dozens of cities. I hope they lose their shirts in the coming housing crash. by iamonlyoneman in economics

[–]x0x7 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (0 children)

They basically are the Federal Reserve. When the fed needs to print money to excite the market in response to that crash who do you think will get their hands on the associated cash flow? And so when everything is crashing who do you think will be in a position to buy an even larger stake in everything than it already has?

Inflation by GeorgeCarlin in economics

[–]iamonlyoneman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

No they're just too stupid to stop the gibs.

Inflation by GeorgeCarlin in economics

[–]TaseAFeminist4Jesus 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Nah, I think it's the product of a political system where too many stupid people are allowed to vote themselves handouts. If anything, a less democratic, more elite-controlled system would control inflation better.

Walmart Continues to Slap 50% Price Increases into Their Own Brand Food Items While the Media Stays Silent. by raven9 in economics

[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Rednecks will explain it to them by allowing that bread to mold and go bad on the shelf.

A study of $500 to $2000 given to poor families one time only fails to show any benefit; in fact, the effects trended negative. The researchers had asked experts to predict the results of this experiment, and they had all guessed that it would go well. by Chipit in economics

[–]raven9 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

It fixes hidden problems like paying for repairs to their car. Outwardly there would be no obvious change in their lifestyle.

Inflation Makes People Poorer (And It's the Government's Fault) by Drewski in economics

[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Remember to complain at the ballot box in November.

"The Fed Has a Serious Problem This Time...Raising interest rates high enough to dent inflation would bankrupt the US government." by iamonlyoneman in economics

[–]Horrux 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The Fed's owners CHOOSE a number of candidates they will accept, and FROM THAT LIST AND THAT LIST ONLY is the POTUS given the meaningless "power" to "appoint" the governor. The directors are all chosen by the owners. These owners are private individuals.

"The Fed Has a Serious Problem This Time...Raising interest rates high enough to dent inflation would bankrupt the US government." by iamonlyoneman in economics

[–]iamonlyoneman[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Who appoints the directors at the fed?

"The Fed Has a Serious Problem This Time...Raising interest rates high enough to dent inflation would bankrupt the US government." by iamonlyoneman in economics

[–]CreditKnifeMan 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

The fed can't bankrupt the federal government.

Lunacy.

"The Fed Has a Serious Problem This Time...Raising interest rates high enough to dent inflation would bankrupt the US government." by iamonlyoneman in economics

[–]Horrux 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

The FED is a private entity. It is not beholden IN ANY WAY WHATSOEVER to the US government, just like almost every other central bank in the world. They do what they wish and then have the government cover for them. Same in the USA where there is this whole sham of the President choosing a governor for the Fed... From a list prepared by its owners. And "testifying" before congress. They only do it because it makes the sheeple believe the Fed is part of the government.

"The Fed Has a Serious Problem This Time...Raising interest rates high enough to dent inflation would bankrupt the US government." by iamonlyoneman in economics

[–]iamonlyoneman[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The fed can't bankrupt the federal government. The entire board would lose their jobs and the party in power (Blue Team) would be voted out when people realize there's not enough money for their gibs.

What can't happen, won't.

So the fed won't hike enough to stop inflation, Q.E.D.


The only solutions are a tendency toward fiscally responsible government, or a complete reset of the financial obligations of the nation (which would probably lead to WWIII). I don't give the current government credit for being smart enough to make the smart choice here, which means I'm not super optimistic about the mid-term future of the USA.

edit: for those who miss it: the feds know they can't because it would mean losing their power, and power is the thing most desirable. They could of course but the outcome is unacceptable so they 'cant'

ONE-WORLD-BANKING-FRAUD by CreditKnifeMan in economics

[–]CreditKnifeMan[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

"..the ancient pledge."

The feudal system pledge.

Are you a...

  • Citizen?
  • Resident?

If you answer "yes" to both, then you (once again) volunteered for voluntary servitude.

A study of $500 to $2000 given to poor families one time only fails to show any benefit; in fact, the effects trended negative. The researchers had asked experts to predict the results of this experiment, and they had all guessed that it would go well. by Chipit in economics

[–]Chipit[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Yeah, turns out giving poor people a bunch of money doesn't solve their problems. Just look at all the lottery winners who wish they had never won.

A study of $500 to $2000 given to poor families one time only fails to show any benefit; in fact, the effects trended negative. The researchers had asked experts to predict the results of this experiment, and they had all guessed that it would go well. by Chipit in economics

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The negatives were all subjective and seemed to be related to these people having this brand new problem of where to allocate money they never had before. Nearly all of it went to necessities.

A terrifying financial warning for [the second half of] 2022 (from Michael Burry) (8:52) ~ Sorelle Amore Finance by JasonCarswell in economics

[–]Horrux 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Her "info" is for ignoramuses and idiots. It's not even high school housewife saving and management course level.

A terrifying financial warning for [the second half of] 2022 (from Michael Burry) (8:52) ~ Sorelle Amore Finance by JasonCarswell in economics

[–]JasonCarswell[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

from Australia, not Iceland

Yes, the accent.

I can't guess.

Those folks are griping about her beautiful white female attitude and over-confidence in all things. I didn't see anything about her hustle/scam.

A terrifying financial warning for [the second half of] 2022 (from Michael Burry) (8:52) ~ Sorelle Amore Finance by JasonCarswell in economics

[–]Horrux 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

I ran a search about her and found these comments by people who have followed her for a long time and have watched a lot of her content. She's also from Australia, not Iceland, while she lives in Iceland. And I hope you have noticed how friendly her Australian accent is. I've gone to Australia, and while my English is excellent, and I have zero issues understanding the British, the Australian have a bastardized English that I frankly couldn't understand in large part EVEN 3 WEEKS AFTER STAYING THERE. I'll let you guess why...

https://gurugossiper.com/viewtopic.php?t=34729

A terrifying financial warning for [the second half of] 2022 (from Michael Burry) (8:52) ~ Sorelle Amore Finance by JasonCarswell in economics

[–]JasonCarswell[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

She says she finds quality second-hand clotes in thrift shops, and there are, and that she mends them herself. No rich person, and I have met at least few hundred, would do this.

Don't pretend you know everything there is to know about all rich people. Or second hand "crap" with "skin diseases" - as if.

I've known many. Most of them are stingy, miserly, cheap asses in several ways. Not usually this way, but this is one possible way they can be miserly. Especially if they are creative or narcissists in need of an expressive outlet and satisfying hobby. She may even think she's saving the environment, or perhaps it started that way. Perhaps she appreciates custom one-of-a-kind items, rare vintage, or even antiques. Not everything rich people want is new and shiny.

Limited as my exposure is, IMO, her aesthetic fits right in with the edgy young hipsters of the Catskills or Hamptons from 18 years ago, when I was there, and is probably more trendy now.

She's from Iceland. It's a different foreign culture. You don't know her or her reasoning.

A terrifying financial warning for [the second half of] 2022 (from Michael Burry) (8:52) ~ Sorelle Amore Finance by JasonCarswell in economics

[–]Horrux 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The rich were my home base for quite a few years as an investment manager. Even those who chose to live WELL beneath their means never displayed any such disregard for QUALITY. She says she finds quality second-hand clotes in thrift shops, and there are, and that she mends them herself. No rich person, and I have met at least few hundred, would do this. They value themselves and their time too much for that kind of menial and rewardless labor. She also seems unware that there is a difference between following the latest fashion and styles, always needing the newest shiny thing in order to stay up-to-date, and the high end exclusive shops that make 20 blouses of a certain design for the whole world. Savvy Rich people like THOSE shops, because they are often timeless classics with a twist of uniqueness and unsurpassed quality. Mending thrift shop second hand crap? WHY? To look unique? Those shops will let you look unique and not have to worry about the skin diseases of the previous wearer.

I'm not saying it's impossible she's rich. Just... From my experience, highly unlikely.

A terrifying financial warning for [the second half of] 2022 (from Michael Burry) (8:52) ~ Sorelle Amore Finance by JasonCarswell in economics

[–]JasonCarswell[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

"I'm rich and I choose to not benefit from being rich." Does that sound legit to you?

I've met all kinds in my life. The rich are just as peculiar.

A terrifying financial warning for [the second half of] 2022 (from Michael Burry) (8:52) ~ Sorelle Amore Finance by JasonCarswell in economics

[–]JasonCarswell[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

I don't smell it.

All I smell is a well-produced and well-informed production with an overpriced parallel hustle that I haven't seen. I don't believe in get-rich schemes, but it doesn't mean she's "fake".

A terrifying financial warning for [the second half of] 2022 (from Michael Burry) (8:52) ~ Sorelle Amore Finance by JasonCarswell in economics

[–]Horrux 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

Desperate scam: she says ''join our fantastic newsletter about which people are RAVING'' (with an embarrasingly sheepish little laugh that smells of bullshit more than a cow's anus) AT A HUGE DISCOUNT FOR A VERY LIMITED TIME with just a few days left.

Said 'join the order' subscription is ONLY US$100.00 / month for these paupers to this very rich woman who does not need money.

CAN YOU SMELL IT?

A terrifying financial warning for [the second half of] 2022 (from Michael Burry) (8:52) ~ Sorelle Amore Finance by JasonCarswell in economics

[–]Horrux 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

I've watched a dozen or so. Yes, they are well produced and seem legit, however many things don't fit, as mentioned above. "I'm rich and I live humbly" looks a lot like a cope to explain the lack of great luxury displayed in her videos. "I'm rich and I choose to not benefit from being rich." Does that sound legit to you?

A terrifying financial warning for [the second half of] 2022 (from Michael Burry) (8:52) ~ Sorelle Amore Finance by JasonCarswell in economics

[–]JasonCarswell[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

I take it you've studied her other videos? They're well produced and seem legit to me. I haven't come across anything that smelled like a desperate scam. But I have only watched a few of them.

A terrifying financial warning for [the second half of] 2022 (from Michael Burry) (8:52) ~ Sorelle Amore Finance by JasonCarswell in economics

[–]Horrux 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

This woman seems 110% fake to me. She says she's a multi-millionaire but buy her clothes in thrift shops and mends them herself. She basically says she's rich but chooses to live the life of Joe Below Average because she likes it better. Seriousfuckingly.

She keeps talking about how to make your first $100,000 and so on, how to invest the first $1,000 etc. exactly like somebody who has not made it at all. That being said, some of her videos do convey truthfully sound financial advice, so obviously she isn't a moron.

Halifax Bank Goes Woke And Broke. by sproketboy in economics

[–]raven9 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Consumer Price Index - PUBLIC COMMENT ON INFLATION MEASUREMENT by sproketboy in economics

[–]Horrux 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

The people behind shadowstats are fucking saints.

No, It's Not "Greed" or "Price Gouging" That's Driving up Gas Prices by Drewski in economics

[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

It is Republicans secretly making sure prices get jacked up everywhere so we'll all vote against the Democrats come November.

According to Fed Chair Powell, The Federal Reserve will be rolling out digital money in 2023 - (0:40) by CreditKnifeMan in economics

[–]CreditKnifeMan[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

blockchain doesn't prevent centralized control LOL

Blockchain is a record of crypto transactions. They don't want a record of transactions.

According to Fed Chair Powell, The Federal Reserve will be rolling out digital money in 2023 - (0:40) by CreditKnifeMan in economics

[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Biden malfunctions on a bike. This is going to be a shit show.

According to Fed Chair Powell, The Federal Reserve will be rolling out digital money in 2023 - (0:40) by CreditKnifeMan in economics

[–]iamonlyoneman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

blockchain doesn't prevent centralized control LOL

According to Fed Chair Powell, The Federal Reserve will be rolling out digital money in 2023 - (0:40) by CreditKnifeMan in economics

[–]HongKongPhooey 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

I posted an article about the Fed and CBDC also, barely anyone noticed. People ought to be way more concerned about this, good post

According to Fed Chair Powell, The Federal Reserve will be rolling out digital money in 2023 - (0:40) by CreditKnifeMan in economics

[–]CreditKnifeMan[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

You must not have watched the part of the video when Powell specifically refers to a US Central Bank Digital Currency system, in light of existing cryptos, etc.

It's already completed.
Look up "Project Hamilton". They had two Bitcoin OGs build it for them.

No blockchain planned, so no traceability. Perfect control of everyone's digital currency.

According to Fed Chair Powell, The Federal Reserve will be rolling out digital money in 2023 - (0:40) by CreditKnifeMan in economics

[–]iamonlyoneman 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

You are fake news. They're going to be speeding up bank transaction processing which is ridiculously slow as the dollar is transacted digitally already.

ALSO (not the same thing, change of subject) they are looking at doing some sort of crypto thing since crypto and stablecoins have proved such a smart thing for the cryptoids. I think they might actually go for it eventually, as being a member of the fed has a requirement of being literally stupid before you can join the board.

Inflation Jumps to 8.5% - Rising Costs Leaving the Middle Class in the Dust (10:39) ~ Clyde Do Something by JasonCarswell in economics

[–]IkeConn 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

The Democrats are going to be punished in 2022 ans 2024 and there is nothing they can do about it. Even if they manage to legalize pot, forgive student loans, and make LGBTQ+ pedo's legal it won't be enough.

Memo shows CEO of Applebees cynically, and cheerily, making the argument that higher gas prices will drive more workers back into the workforce and thus allow the chain to lower wages. What a guy. by Chipit in economics

[–]jet199 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

And if they pay a wage which Americans can't afford gas on they will leave and get a job somewhere else.

It's the circle of life.

Do you own gold? Even a little? The "power of darkness" is about to take over the world's currencies... by Horrux in economics

[–]Horrux[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Good stuff dude. It's an ETF focused on silver mining stocks? If so, it should do very well over the next few years.

Do you own gold? Even a little? The "power of darkness" is about to take over the world's currencies... by Horrux in economics

[–]jet199 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Yep

Do you own gold? Even a little? The "power of darkness" is about to take over the world's currencies... by Horrux in economics

[–]Horrux[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

ETF?

Do you own gold? Even a little? The "power of darkness" is about to take over the world's currencies... by Horrux in economics

[–]jet199 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

I have 2 shares of a silver price following thingy

The GoFundMe cancelation of the truckers' money should make you all aware of how a cashless society will work. The government gets mad at you and they wipe out your money. The end. Think they can't get mad at you, you're a good citizen? Welcome to the social credit system. by JasonCarswell in economics

[–]Tom_Bombadil 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

And holding cash means you're taking a loss due to inflation over time.

Probably not this time.

Cash is King during the bank runs.

The GoFundMe cancelation of the truckers' money should make you all aware of how a cashless society will work. The government gets mad at you and they wipe out your money. The end. Think they can't get mad at you, you're a good citizen? Welcome to the social credit system. by JasonCarswell in economics

[–]TotallyNOTaCIA-AGENT 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (0 children)

Exactly! It doesn't take a rocket scientist to figure out. I've been watching you and I'm glad you're starting to comply...I mean come around!

The GoFundMe cancelation of the truckers' money should make you all aware of how a cashless society will work. The government gets mad at you and they wipe out your money. The end. Think they can't get mad at you, you're a good citizen? Welcome to the social credit system. by JasonCarswell in economics

[–]TotallyNOTaCIA-AGENT 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (0 children)

This is comedy gold. Why would the government get mad at you? The government cares about all the American people and their health. Just look at the great job they've done making sure vaccines that totally work by the way(if you disagree then you're a racist) are available to all citizens.

The GoFundMe cancelation of the truckers' money should make you all aware of how a cashless society will work. The government gets mad at you and they wipe out your money. The end. Think they can't get mad at you, you're a good citizen? Welcome to the social credit system. by JasonCarswell in economics

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Same problem even if you keep your money in a bank. And holding cash means you're taking a loss due to inflation over time. If that money isn't growing that money is shrinking.

Crypto can be outside government purview though, and you can stake stablecoins.

Why is General Electric Breaking Up? by sproketboy in economics

[–]jerkwad152 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Short answer: Because they're old and boring.

Bosses crushed as shortage of illegal immigrant labor damages profits. by Chipit in economics

[–]jet199 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Same story pretty much the world over.

Bosses crushed as shortage of illegal immigrant labor damages profits. by Chipit in economics

[–]Tiwaking 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

We have a similar problem in New Zealand with migrant workers, and its a big one. With the borders closed no one can get in, and our agriculture industry which relies solely on immigrant labour cant get the workers to pick fruit or sheer sheep or work the meat factories. They were warned about their nonsense in 1990 which is when they started importing workers.
The 'good times' are over. No workers. No tourists. And no New Zealanders willing to travel to the work places to work. Originally the agricultural workplaces had towns and communities which were built up around them. After everything got centralized and then outsourced the old communities didnt go to the new workplaces and since then New Zealanders just stopped applying for these jobs.

Bosses crushed as shortage of illegal immigrant labor damages profits. by Chipit in economics

[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I never have to look very far for my daily dose of schadenfreude.

Communist Professor Explains Causes of Inflation (19:12) ~ Primo Radical by JasonCarswell in economics

[–]Horrux 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

He is basically correct, but doesn't seem to have a full understanding of the topic at hand.

Economics Professor Proposes Price Controls as a Powerful Weapon to Contain Inflation by Drewski in economics

[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Was it Nixon or Ford that did a wage price freeze?

Inflation Hits Four Decade High - Excellent analysis of where it's headed next by Horrux in economics

[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

And the Democrats are going to get the blame and lose in 2022 and 2024.

Squid Game Says More About Communism Than Capitalism by sproketboy in economics

[–]jet199 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

It think this was a mistake by the writers though, not in purpose.

The show does actually try to spell it the moral of the story at the end. Namely that having both too little and too much money is bad for people.

However you should always show not tell and the script simply didn't do enough to back up that reveal so most people just ignored it.

Squid Game Says More About Communism Than Capitalism by sproketboy in economics

[–]IkeConn 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (0 children)

And if you watch it in North Korea they execute you. Almost like you are playing. Oh. I see now.

A Secretive Hedge Fund Is Gutting Newsrooms by carn0ld03 in economics

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

newhouse family owns most, they always want to consolidate, some day we'll have one newspaper or I should say online source of news.

Because I am a student of history, here is a fun fact: The Bank Panic of 1907 occurred in October. The Stock Market Crash of 1929 occurred in October. Black Monday in 1987 occurred in October. Now the US Treasury Secretary is warning a default could happen in October. by JasonCarswell in economics

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

yeah hard to blame repubs when dems hold presidency, house and senate. But repubs in the senate can filibuster it, it'd need 60 votes meaning 10 from repubs which ain't happening. But filibuster is not mentioned in the constitution so why that need for 60 votes? Cuz enough dems like it that way so they can blame repibs for things. Mainly Manchin and Sinema but likely more that won't say it. So basically you can say raising the debt limit doesn't have enough democrat votes. But they could do it with reconciliation. That doesn't need 60 votes. Why not do that right away? They will eventually but are negotiating other things like infrastructure now to be part of it.

Because I am a student of history, here is a fun fact: The Bank Panic of 1907 occurred in October. The Stock Market Crash of 1929 occurred in October. Black Monday in 1987 occurred in October. Now the US Treasury Secretary is warning a default could happen in October. by JasonCarswell in economics

[–]thefirststone 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

The debt ceiling narrative is a way to blame Republicans. It's policy, not an economic fact of life.

If they're willing to do this under Biden, you have more things to worry about thank stnoks.

Because I am a student of history, here is a fun fact: The Bank Panic of 1907 occurred in October. The Stock Market Crash of 1929 occurred in October. Black Monday in 1987 occurred in October. Now the US Treasury Secretary is warning a default could happen in October. by JasonCarswell in economics

[–][deleted] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

It's worse than that. The money supply makes no goddamned sense. Stonks just keep going up, PE ratios are through the roof. It looks like a goddamned house of cards.

Because I am a student of history, here is a fun fact: The Bank Panic of 1907 occurred in October. The Stock Market Crash of 1929 occurred in October. Black Monday in 1987 occurred in October. Now the US Treasury Secretary is warning a default could happen in October. by JasonCarswell in economics

[–]Horrux 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Oh yes, buy puts in October. ESPECIALLY this october. It could lose, but it could also very well make you bundles.

Red Alert Warnings Issued by 6 Biggest Wall Street Banks by JasonCarswell in economics

[–]Horrux 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Also... Wow the premiums on these people's site... YIKES! I though CAD$ 40 for silver was a bit high. These guys are nuts.

Red Alert Warnings Issued by 6 Biggest Wall Street Banks by JasonCarswell in economics

[–]Horrux 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

So... It is finally about to begin. About time! My shorts were getting stretched pretty thin!!

Red Alert Warnings Issued by 6 Biggest Wall Street Banks by JasonCarswell in economics

[–]JasonCarswell[S] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

EDITOR NOTE:

Six of the biggest Wall Street banks in the country — Morgan Stanley, Bank of America, Deutsche Bank, Citigroup, Credit Suisse, and Goldman Sachs — have issued “red alert” warnings about the U.S. stock market.

Just how bad the market's coming correction will be is up for debate between the financial institution. Citigroup has the dip as a rough but still relatively minor dip of 2.2%. Deutsche Bank straddles the middle, predicting a 6%-10% drop while others, such as Morgan Stanley, reported that a 10%-20% crash is possible in the coming weeks and months.

The biggest bear of the bunch is Bank of America. The Charlotte-based bank is projecting at least a 6% market correction coming soon with an even worse long-term outlook. BoA’s chief equity strategist Savita Subramanian says of the market bubble, “This may not end now. But when it ends, it could end badly."

The Origin of Financial Inequality by RupertTaylor493 in economics

[–]thefirststone 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

For more than 99 percent of human existence our ancestors lived in societies where all people had equal shares of resources.

Nope.

Who Runs the World? Blackrock and Vanguard - LewRockwell by JasonCarswell in economics

[–]JasonCarswell[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

Hoodrats Grabs themselves some GIBS and reparations n sheeeeeeiiit by RuckusChan in economics

[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

They can get away with this in Democrat shit hole cities until all the grocery stores and big box stores close down and move away. Then they will complain that they mammy can't her Obama Care prescriptions filled cause whitey closed all the stores down and that be raycissss.

The New Housing Crisis Is Stealing Homeowners Future (17:03) ~ The Jimmy Dore Show by JasonCarswell in economics

[–]JasonCarswell[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

Do you have credit card debt?
Do you have a mortgage?
Do you owe anything?
Are both parents working?
Adjusted for inflation wages have not risen since the 1970s as the matrix of rigged systems have squeezed us down and their debt slavery system is getting dramatically worse with this Great Reset where you'll "own nothing and be happy" paying ridiculous rent for nothing, like a simp.

The Markets Are Rigged (47:11) ~ Corbett Report Extras by JasonCarswell in economics

[–]JasonCarswell[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

I was pointing out how some of these problems may ultimately play out an hour before this video came out:

    " For what you're talking about yes - but there are a whole lot of other fundamentals that have changed too lining up like dominoes. Ruling class bailouts, inflation, shrinkflation, lumber monopoly crisis, the cyber gas attack, collapsing distribution networks, looming food crises, and of course the vaccine fallout is yet to come, along with whatever climate nonsense. (I've also predicted an early frost this fall that fucks everything up on top of all that.) I think there will be another market crash or few to pump the money out of the upper middle and upper classes. This should also hit real estate, insurance, health, etc. Of course they'll have to call in the police, national guard, and military. "

The main reason why lumber prices will collapse (Not what you think) (10:27) ~ The Economic Ninja by JasonCarswell in economics

[–]JasonCarswell[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

More analysis:

Lumber Prices went Crazy in April 2021. When are they going back down? (8:39) ~ Jonathan Katz-Moses

 

Why is Lumber so expensive? | Supply chain issues explained (7:54) ~ Belinda Carr

 

Lumber Shortage (Lumber Prices) (37:46) ~ WoodWorking Garage

 

The main reason why lumber prices will collapse (Not what you think) (10:27) ~ The Economic Ninja by JasonCarswell in economics

[–]JasonCarswell[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

SPOILER:

People are going to care more about food than building a new deck with their "time off" (during lockdown).
The food markets are about to go crazy, and thus the lumber and home markets are going to crash.

Smart Talk: Mark Blyth - Economic Austerity Cures Nothing by sproketboy in economics

[–]sproketboy[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

23 minutes in Blythe kicks it out of the park.

Suez Canal Blocked: A "Worst Case Scenario for Global Trade" (18:11) ~ Ice Age Farmer by JasonCarswell in economics

[–]beece 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Hey Jason, I see this many many times on the front page. - 3

Market Analyst Fears A Coming Systemic Breakdown & The End Of Capitalism | Michael Every, Rabobank (51:22) ~ Peak Prosperity by JasonCarswell in economics

[–]JasonCarswell[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

What is Capitalism?

I'm not sure if this is serious or not.

I could get a capitalist to tell you how great their system is, but instead I'll get someone who's a critic of capitalism to. Marx had some serious flaws and limitations in his socialist ideas about things, and some went on the be completely corrupted (communism), but he was a magnificent critic of capitalism.

Here's Marxist Professor Richard Wolff:
https://www.YouTube.com/results?search_query=Democracy+At+Work+What+Is+Capitalism

I enjoyed Wolff and his ideas about worker cooperatives until the lockdown which he hasn't been remotely critical of, nor critical of the SJWs, BLM, etc. Most importantly he keeps pushing Marxism/socialism/communism as if it's going to solve anything when clearly big government and the corporatocracy are the root of ALL problems.

Market Analyst Fears A Coming Systemic Breakdown & The End Of Capitalism | Michael Every, Rabobank (51:22) ~ Peak Prosperity by JasonCarswell in economics

[–]Druullus 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

what is Capitalism?

Will they propose a Weed New Deal?! Colorado’s legal cannabis farms emit more carbon dioxide than its coal mines by MarcoPolo in economics

[–]rdh2121 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Seems like a good idea. According to the article, switching to LED lights and improving climate control systems "would save 2.1 megatonnes of CO2e, or 1.3 per cent of the state’s total emissions."

Also, I'm not sure why the article is comparing weed production to coal mining. The problem with coal isn't mining it - it's unnecessarily burning it for energy in the first place when better alternatives exist.

Is Our $27 TRILLION National Debt Now Too Scary to Even Discuss? by [deleted] in economics

[–]magnora7 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

It's too big to matter.

The actual number doesn't matter, just what percent of GDP it is. And that doesn't even really matter, it's just how strong of a leash they have to yank on

Solutions: Survival Currency (1:00:31) ~ corbettreport by JasonCarswell in economics

[–]JasonCarswell[S] 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

Show notes, links, comments, media, platforms:
https://www.corbettreport.com/survivalcurrency/