turnip

Weird they dislike the ECB and the European Union, they give us bangers like bank bail-ins and CBDC, to deal with their strangulation of productivity investment and diminishing living standards.

To demonstrate my skepticism towards the Europeans’ ability to leave behind their zombie banking system, unmarketable debt, and complete dependence on suppressing price discovery - consider the following policy reactions orchestrated by the European Central Bank (ECB) since the 2008-09 crisis:

• European Financial Stability Facility (EFSF)

• European Financial Stabilisation Mechanism (EFSM)

• European Stability Mechanism (ESM)

• Outright Monetary Transactions (OMT)

• Long Term Refinancing Operation (LTRO)

• Long Term Refinancing Operation II (LTRO)

• Long Term Refinancing Operation III (LTRO)

• Tripartite Committee consisting of ECB, IMF, EC agreement (TROIKA)

• Forced austerity and bailouts of Portugal, Ireland, Italy, Greece, Spain

• Activation of FED USD Swap Lines

• Asset Purchase Program (APP)

• Corporate sector purchase programme (CSPP)

• Public sector purchase programme (PSPP)

• Asset-backed securities purchase programme (ABSPP)

• Covered Bond Purchase Programme (CBPP)

• Covered Bond Purchase Programme II (CBPP)

• Covered Bond Purchase Programme III (CBPP)

• Pandemic Emergency Purchase Programme (PEPP)

• Quantitative Easing (QE)

• Zero Interest Rate Policy (ZIRP)

• Negative Interest Rate Policy (NIRP

etc..

The law of rent.

You guys arent running your software off raspberry pi's with sdcards from the gas station?

My allowance is 5$ a month!

Weird what happens when 40% of the currency was printed in the last few years.

Are we blaming the government who control interest rates, gamify the CPI to depress inflation, and who control the corresponding new money supply that drives up the price of basic goods?

If housing, gold, and crypto are any indication people have far too much money than they know what to do with. You'd have to be a fool to not accumulate some cantillon effect for yourself when you're government is throwing money away.

The system of insurance clearly raises prices to some euclidean point where its optimizing profits versus killing customers. How do you blame CEO instead of the government, who control the insurance company regulation, the hospitals, and the money printer?

If you're expecting the good hearts of the average CEO to prevent harm to your society you're a fewel.

How about make a flag with 'is banned' that indicates it is banned, and then checking whether 'is banned' exists before allowing a post to be upvoted. You can use this for free Reddit, its a gift.

If you read the project 2025 document you'll see a section on the federal reserve, we seem to already be on the way there with Trump surprisingly. Which the document suggests capital punishment and a border wall, its not a document by the Fraser institute its a document crafted by Trump, you're an fool if you cant see that.

https://static.project2025.org/2025_MandateForLeadership_FULL.pdf

Without inflation, when you require raising taxes to actually pay for things, you'll see how much people are willing to spend for their DEI institutes and doing plays for other countries to cringe at.

Are you criticizing Musk or our government?

Ah interesting, thanks for the correction. Though since treasuries are paid by the government is it not then still a ponzi scheme, in the fact the bonds must be redeemed to pay for shortfalls, in which case the government must tax the existing population to pay for the redeemed bond to fund the old?

If we are looking at our existing scenario with the baby boomers I'd assume we must be close to being forced to liquidate, and taxes will rise on the young for the bond repayment?

If they allowed people to opt out would it not be the case that as people opt out you'd need to raise taxes on the young as more people opted out, since none of the money actually still exists, cascading into an insolvent system just like how a standard ponzi scheme unwinds?

What is their counter argument, would it increase the velocity of money and inflation, raising interest rates for everyone and inhibiting economic growth? Or would it be that we'd need to raise capital gains taxes, which would cause US investment to flee?