turnip

joined 1 month ago
[–] [email protected] 0 points 4 days ago* (last edited 4 days ago)

I'd support a ban on advertising in public spaces, but in digital spaces its a bit nonsense given it funds a lot of things people then dont need to pay for.

[–] [email protected] 6 points 5 days ago* (last edited 4 days ago)

This is a CBDC that she wants, something they have been talking about for years. Likely they want this because many European countries wont be able to survive higher interest rates caused by aging demographics, as the US high interest rates suck up global liquidity making rolling over debt more expensive.

They will be able to slow inflation using the programmability of the money to prevent you from surpassing your allotted climate credits, as they are already forcing companies to measure their c02 usage in a system called the Corporate Sustainability Reporting Directive (CSRD). They will also be able to increase inflation via issuing expiring stimulus, which would allow them to issue stimulus without worrying about the 18 month lag.

What Europe also wanted was a global climate change system, where they collect tax revenue from carbon credits, which would be charged to foreign emitters. Trump recently front run this with his own tariff system, following project 2025's idea of eliminating all international tariffs. Though countries like Canada are talking about joining Europes climate plan instead, I think all countries will have to decide where to hand the keys to their domestic economic policy.

https://climate.ec.europa.eu/eu-action/eu-emissions-trading-system-eu-ets/ets2-buildings-road-transport-and-additional-sectors_en

[–] [email protected] -3 points 5 days ago* (last edited 5 days ago) (1 children)

Central Bank QE skyrocketed asset prices and rents increased dramatically, and higher interest rates need to crash the economy to restore balance. Its all the ebb and flow of monetary policy, which has dramatically misallocated capital via cheap debt.

[–] [email protected] 0 points 5 days ago* (last edited 5 days ago)

Ah, that could very well be true, we really printed a lot of money during Covid. In Canada the government is already buying 50% of all mortgage bonds, inflating the debt people can take in order to juice home prices.

[–] [email protected] 1 points 5 days ago* (last edited 5 days ago) (1 children)

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?

[–] [email protected] 12 points 5 days ago* (last edited 5 days ago)

Wasnt their plan to take over Chia-Earth, since they destroyed the original earth?

[–] [email protected] 2 points 5 days ago

https://saifedean.com/the-fiat-standard-chapter-11

This ones got a good section on the great depression.

"The imposition of trade barriers in turn resulted in a further deterioration of economic conditions in the countries imposing them, even as their own citizens suffered from these very policies. The governments imposing such barriers, and the economists advocating them, would of course never admit that inflation, increasing centralization, and protectionist policies caused the progressively worsening depression. Instead, political leaders blamed other countries and local ethnic minorities. Years of scapegoating and growing hostility toward foreigners and minorities came to a head in 1939. The world's totalitarian fiat regimes began to turn on each other and on their ethnic minorities. Hayek had identified this threat to global peace in his “Monetary Nationalism and International Stability” lectures in 1937."

[–] [email protected] 4 points 5 days ago (2 children)

Most free housing doesnt allow drugs, which is the main problem homeless people have with living in them.

Then you have the general maintenance issues, fire risk, nimbyism. Is it really that simple?

[–] [email protected] -5 points 5 days ago* (last edited 5 days ago) (2 children)

They did say when they were exporting all the jobs to China that the stock market will do amazingly well, while skeptics were more concerned about jobs and unions. It really blurs the line between the left and the right when the left is complaining about a shrinking 401k while applauding the rich like Musk getting poorer.

[–] [email protected] -3 points 5 days ago* (last edited 5 days ago)

Many countries started mass immigration after the global inflation caused by global QE and money supply growth, in order to prevent wage inflation. They did this mass immigration just as central banks were raising rates to cool the economy.

This is likely what you are feeling, there was a small time when there was a labor shortage and all the talk of 'quiet quitting' before they started this scheme, as depicted by the phillips curve, now its too many workers fighting for too few jobs as high interest rates slowed things down.

https://en.wikipedia.org/wiki/Phillips_curve

[–] [email protected] -2 points 5 days ago (1 children)

Oh really, I just saw articles like this popping up a lot, and I live in Canada where we have the same thing going on between provinces:

https://www.ft.com/content/13a830ce-071a-477f-864c-e499ce9e6065

[–] [email protected] 3 points 5 days ago (1 children)

Ah good to know, i was thinking of buying this game.

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