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Cake day: February 16th, 2025

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  • turnip@lemm.eetoPolitical Memes@lemmy.worldsurely
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    4 hours ago

    Youre increasing asset holders, mainly the rich, drastically while taking it from everyone else. Things are getting signifigantly worse as housing prices rise, birth rates fall, and populism inevitably increases.

    We treat future promises of money, mainly debt, the same as we value existing money. Every loan is new money supply, which favors the rich who hold collateral, and who benefit the most from the cantillon effect. They also generally benefit the most from bailouts, which is just another symptom of loose money.




  • turnip@lemm.eetoPolitical Memes@lemmy.worldsurely
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    7 days ago

    If a house is 4 million dollars and you work as an uber driver or cashier you may have a different opinion that everything is good. All this current world order has done is monetize everything with debt, a big wall of debt that bids up the price of inelastic goods, as the rich borrow as much as possible to write off their cheap debt using their inflated collateral while never liquidating a penny of their assets.

    Then when their mansion burns down due to building in a risky area or the bank that lends all this debt overextends then the government bails them out, as peoples paychecks are inflated away and they are denied pay raises due to the bad economy.

    But I’m one of these smooth brains.



  • Calls to violence you mean?

    You want a circlejerk with no barriers, whereas I wish we could discuss the reasons why hes putting in tariffs and cutting spending. Project 2025 versus ETS2 for instance, or the fact China is buying fewer and fewer treasuries every year; leading to higher borrowing costs on leveraged economies globally as money is sucked into the US, to fund the spending they also cant afford.

    Even the global demographics look bleak given the amount of debt we’ve taken on, and people are still living in an MMT fantasyland as they roll over their mortgages from 2% to 6%.


  • I am just stating what I think is happening, and what their plans seem to be. Trump has denounced the project 2025 plan, but its from the heritage foundation and yet it talks about implementing a border wall, so its pretty obvious that it is Trumps plan given the absurd ridiculousness of a border wall. It also lines up with what he is doing, Musk and John Kennedy made speeches recently that all countries should remove all barriers to the US if they want the tariffs taken off themselves.

    Europe meanwhile has a full policy listed, where they say they will tariff foreign emitters, and then create a “social climate fund” for social goals. As they rush in a CBDC for October to push expiring stimulus and inflation quotas in the guise of carbon quotas to control monetary policy. Canada’s PM has already said they intend on signing onto this foreign emitter tariff system as well, and I’m sure other countries will be too.

    Maybe you can explain where I am misreading or misunderstanding the situation, I find it interesting and would love additional insight into whats happening globally, we are clearly in an era of upheaval.




  • Is US social security not the definition of a ponzi scheme, where new money pays for old money, as they obfuscate the fact its totally unfunded outside of current year debt accumulation?

    Can somebody correct me where I’m wrong here, and why it is sustainable in a rising interest rate environment and aging demographics where debt is more expensive to roll over. It seems to me if you even made it optional and allowed people to opt in the entire system would collapse, as it is entirely unfunded if not for the new entrants into the system, which again appears to be a ponzi scheme.



  • Well if hes following Project 2025, which it seems based on recent comments by Elon Musk, then hes expecting other countries to remove all tariffs first. As you say, chlorinated chicken, but if you dont then you dont get to sell your healthy chickens to America, and all that money you owe thats denominated in USD becomes very hard to acquire.

    Maybe the better option is to allow it but to label it with its harmful chemicals, let the free market decide, in a kind of democratic process of people determining their own marginal utility versus budget constraints. You can still buy cigarettes in the UK and Europe as well, so whats a bit of American chicken versus a lifetime of smoking?







  • turnip@lemm.eetoPolitical Memes@lemmy.worldTariffs
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    10 days ago

    Why does Europe like tariffs so much if tariffs are so bad?

    I’m assuming its Europeans themselves that are asking for the tariffs, and they have tariffs between countries in the EU as well, so what makes Europeans different from Americans. You’d assume they wouldnt have too different an outlook.


  • Well its going to get more expensive relative as well as oil prices fall globally due to recession. But then we will hit another energy shortage and it will become cheaper, which is why France started building nuclear in the 1970s to begin with.

    It seems to me nuclear takes you off the ebb and flow of global energy prices, I’d prefer spending on nuclear rather than carbon capture which seems to be the existing plan of many countries to combat climate change.