'Madness is something rare in individuals — but in groups, parties, peoples, and ages, it is the rule.' (Nietzsche)
#wokeism #socialism
As a supplement: for those of you who are interested, this map shows the current locations of hoarded Roman coins, over 18,200 in number and over 6 million individual coins have been found so far. People tried everything to keep their savings safe from the state and invaders.
The ancient Romans already knew cold storages. Due to enormous demographic problems (deflation as in China today), invasions from the north and east of the empire, recurring waves of plague and economic crises, the Roman Caesars massively inflated their currency, especially in the third and fourth centuries, which led to valuable coins that were still pure in content being hoarded and hidden by their owners.
Over 17,000 such coin hiding places have been discovered and archived by archaeologists around the Mediterranean. The photo here shows an amphora of 10 found by construction workers in Tomares in Spain in 2016. The owner of this 'cold storage' had kept coins, which today are worth around half a million dollars, safe from the authorities and confiscation. History may not repeat itself in detail, but it rhymes in a wonderfully harmonious way.
#bitcoin #EU #inflation #rome #history
Unemployment Claims Drop, But Long-Term Claims Rise: Economic Signals Mixed
U.S. initial unemployment claims fell to 219,000 last week, surpassing expectations set at 224,000. However, this positive development is overshadowed by an increase in continuing claims, which climbed to 1,910,000, exceeding both forecasts and figures from the same period last year. This discrepancy suggests a complex economic landscape where short-term joblessness decreases while long-term unemployment grows.
#Economy #Unemployment #JobMarket #Labor #FinancialNews #USLabor #Economics
Seneca: "If you live in harmony with nature, you will never be poor; if you live according to what others think, you will never be rich."
S. would have been the dude with the secretly held cold storage, watching is bro Nero litterally burning down values and economic energy in his exuberance and Caesar mania.
Fun fact: his deep and naturalistic thinking helped Seneca become one of the richest men of his time.
Of course he couldn't escape the mental collapse of the biggest shitcoiner of his time, Nero, who at the end lost his plot quite a bit...
#bitcoin #philosophy https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/e3cf2c4a7915560fa8af97257e1cc8ee310cb66acceba55e9945ea7e5a48d365.webp
Javier Milei - The Antichrist For EU Globalists
Argentinian President Javier Milei clearly has the momentum on his side. Having succeeded in presenting a positive national budget in a very short space of time, combating inflation and now also achieving real growth for the entire country, is now taking the next step, this time in the field of energy policy. A massive investment in nuclear energy is planned, just like nuclear energy, which industry spurned in Germany a few months ago and now has to watch as half the world turns to this much more advanced form of energy.
No wonder that the already pre-selected next Chancellor of Germany, Fritze Merz of the Merkel party CDU, drew a picture of Miley as the libertarian-right devil par excellence. The European Union, led by the socialist chaos band in Berlin, is going in exactly the opposite direction and opting for the establishment of a new control collectivism, as we have seen time and again in Europe's recent history over the decades.
By the way: in addition to the investment and so-called SMRs, i.e. small nuclear reactors, to make the existing capacities future-proof and to expand them further, Milei announced the repayment of the state surplus to the taxpayers - something that European politicians would do at the very last in their lives. The voluntary return of power to the private sector through self-limitation this day is truly an amazing move, but it must be defended by sovereign individuals, we must not be dependent on politicians, even if they mean well by us. The next degenerate politician will trample these actions underfoot and ensure that we are returned to the slavery of thought and an economy of the gulag.
#milei #nuclear #germany #eu #cdu
Toughness should always be part of an upbringing. But humiliation is not part of it in my opinion!
#bitcoin #christmas https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/2b94a017b83920afe90a3c7eb8d35cbb051588c8ea4625a86cf32fa41700c9de.webp
Merry Christmas to you all. And be richly blessed!
USA became Europe's largest trade partner again. I would say: 'well played!' Cutting out russian gas off the ecuation was a game changer so far.
#usa #europe #russia https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/b63de8bb019e673248179cdb3590733139307370b560dce440a85e049e847b6d.webp
Trump Warns EU: Buy More U.S. Energy or Face Tariffs
President-elect Donald Trump has issued a stark warning to the European Union, demanding an increase in the purchase of American oil and gas to offset the trade deficit. Trump made it clear through his social media platform, stating that failure to comply would lead to the imposition of tariffs on European imports.
"Buy our energy, or brace for tariffs," was the essence of Trump's message, highlighting his intent to leverage economic policy as he prepares for his second term in office starting January.
This move signifies Trump's ongoing strategy to use tariffs as a tool for rebalancing trade relations, which he considers pivotal for U.S. economic interests.
#Trump #USEnergy #EUTrade #EconomicPolicy #Tariffs #OilAndGas #TradeDeficit
Inflation Metrics Dip Below Expectations
New data reveals a slight cooling in U.S. inflation rates for November, with the PCE and Core PCE indices both falling short of forecasts.
PCE Price Index showed a year-over-year increase of 2.4%, undercutting the expected 2.5% and slightly above last month's 2.3%.
Core PCE, excluding volatile food and energy prices, rose by 2.8% annually, below the anticipated 2.9% and consistent with the previous month.
Month-to-month figures also indicated a slowdown:
PCE growth was only 0.1%, missing the 0.2% prediction and down from last month's 0.2%.
Core PCE similarly grew by just 0.1%, against an expected 0.2% and down from 0.3% last month.
USD and yields should moderate now
#InflationWatch #USEconomy #EconomicNews #PCE #CorePCE #FinanceNews #MarketTrends
It's possible
They need to cut to weaken the usd and keep the budget afloat
This explains a lot. Our #freedom depends on a handfull of people with cojones! #covid https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/f7019098b6d7da63f7608c840edcd61d942d60910a72b866cac2c5fca614792d.webp
November Container Traffic: European Surge Amid Chinese Decline
The Container Throughput Index remained stable in November at 131.9 points, according to the RWI Leibniz Institute for Economic Research and the Institute of Shipping Economics and Logistics (ISL).
While European ports reported a robust increase in activity, continuing their recovery trend, Chinese ports experienced a significant decline, with the index falling from 142.2 to 141.1 points, marking a continuous drop since August.
The North Range Index, which signals economic health in Northern Europe and Germany, also saw an increase, moving from 114.5 to 115.9 points.
RWI's chief economist, Torsten Schmidt, highlighted the contrast between the weakening Chinese container traffic and the strengthening European ports.
#ContainerTraffic #GlobalTrade #Economics #PortPerformance #China #Europe
This time it worked quite well
Japan's Central Bank Holds Steady at 0.25%, Eyes on Future Rate Hike
The Bank of Japan (BoJ) has maintained its interest rate at 0.25% for the third consecutive meeting, signaling caution amidst global monetary policy shifts. While the Federal Reserve cut rates by 25 basis points, the BoJ's decision was not unanimous, with one board member advocating for an increase to 0.5%. Naoki Tamura, formerly of Sumitomo Mitsui Financial Group, highlighted upward inflation risks as his rationale.
Insiders suggest that BoJ officials are confident that Japan's economy is on track for stable inflation supported by wage growth. However, they remain watchful of domestic and international political developments, including the economic policies of President-elect Donald Trump and tax reform discussions in Japan. Recent positive economic indicators support the argument for a tighter monetary policy.
Marcel Thieliant of Capital Economics noted, "Consumer prices have regained momentum in recent months. With inflation in services broadening, the BoJ should trust that price pressures are domestic rather than imported."
#Japan #Economy #BoJ #InterestRates #Inflation #MonetaryPolicy #GlobalFinance #EconomicNews #CentralBank
Another gigantic advantage that artificial intelligence will bring us citizens is that we can identify corrupt legislative processes that involve 1,500 pages of drivel to hide corruption with relative ease. The parasite caste stands naked! #usa #senate #ai #doge
https://x.com/amuse/status/1869608016234090967?t=MP5WFpHyZG1gh5HL302aaA&s=19