That seems plausible. I think that's a massive improvement on the current system. Voluntarily paying for a valuable service is fine, having your hard earned savings stolen and redistributed in an opaque way is not.
The potential problem I see is if the main chain becomes so inaccessible and centrally monopolized that people without access can have their ability to transact censored.
I'm not sure if that's the important difference though. The real problem with bankers is their ability to steal and redistribute productive people's savings. If bankers couldn't create new money by making loans, I don't think they'd have much power at all.
It can certainly be that, I just don't think that's helpful for most people's mental health. There's nothing wrong with self-reflection in balance, but I think most people seeking therapy are too self-absorbed already.
Therapy is generally bad for both men and women. There's exponentially more people taking therapy now than ever before, and has mental health gotten better or worse? 'Nuf said.
The reason is obvious. There's a direct correlation between how much you think about yourself, and how miserable you are. And the whole concept of therapy is usually focused on thinking about yourself.
A better treatment for poor mental health is literally thinking about something else instead of obsessing about yourself and how you're feeling. Men tend to be more interested in ideas, and women tend to be more interested in people. So for men, better mental health often involves putting time and energy into an idea like a hobby or business venture or creative activity. For women, it involves things like caring for and being involved with family, social activities, and activities that help and support people.
Of course you can't say that now because we're all supposed to pretend biology doesn't exist men and women are identical, so any way one sex should behave is also the way the other should behave.
So instead of actually doing things that are good for mental health, we try to push everyone into therapy, which causes them to focus even more on themselves, which worsens their mental health, which requires more therapy...
It's like telling everyone the key to improving their financial situation is to go into debt. Then take out more debt to make the payments on the debt you can't pay now...
In both cases, therapy and debt can be useful tools. But if you don't already have your mental or financial situation in order, debt or therapy is only going to make things worse most of the time.
Short clip explaining why "inflows" don't determine price.
https://www.veed.io/view/789570fa-f16b-4e61-8962-24a3513ac816?panel=showcase
For a more in-depth explanation of why "inflows" are a faulty financial metric, check out my article below.
"We have free speech! You can say anything you want as long as it's not something we told you not to say." Words that could only come from a completely deranged psychopath like Stalin or Mao.
Maybe. But most people with enough wealth to access the banking system avoid capital gains tax anyway, by borrowing against assets instead of selling the assets, then writing off the interest as a tax deduction.
Because taxes are theft. There's no reason for them to maintain the illusion of justice because at the end of the day we pay taxes because we have to, not because we want to.
Also, inflation is just another tax, but it's a hidden tax. They certainly don't want to do anything to draw attention to their midnight robbery. Making it a legal tax code issue would open the government up to lawsuits about how they report inflation, and that would risk exposing how much they lie about the true rate of inflation. Which would mean more COLA on Social Security and less revenue from capital gains taxes, all of which is the opposite of what the parasite class wants.
And the fact is, most capital gains are just inflation anyway. That's the whole purpose of the tax. You invest in assets to avoid the inflation tax, but they can't allow that so they punish you by taxing you on the inflation you tried to avoid.
No, the house you bought 20 years ago that needs a bunch of repairs and constant maintenance now isn't an "investment", and the massive increase in its price isn't a gain in your capital, it's just inflation.
#memes #zapathon
#zapathon
Happy Friday frens, won't be long now...
This is how hedge funds provide value to the world π€£ totally not just a huge deliberately opaque Ponzi gambling scam
βNow, we see excess capacity building in new industries like solar, EVs, and lithium-ion batteries,β Ms. Yellen said during a visit to a solar module plant in Georgia that was shut down due to cheap Chinese imports.
βWe have raised overcapacity in previous discussions with China, and I plan to make it a key issue in discussions during my next trip there,β she said. βI will press my Chinese counterparts to take necessary steps to address this issue.β
According to a renewable energy forecast report published by the International Energy Agency (IEA) in January, China nearly doubled solar panel manufacturing capabilities in 2023, creating what the agency called a βglobal supply gut,β while reducing its solar module prices by almost 50 percent.
Okay, let's do a little thought experiment here. Imagine you truly believe that man made climate change is the biggest existential threat facing the planet, and that the solution to that threat is huge amounts of solar panels powering the electric grid. Imagine you find out China just doubled its solar panel manufacturing capacity in a single year and cut prices almost in half. How do you respond?
Then imagine you don't believe climate change is a serious threat to the planet at all, but if you convince everyone it is, the government will print billions of dollars to subsidize solar panels, your cronies will start companies to manufacture those panels, they'll collect the newly printed money, and they'll reward you with some fat kickbacks. Then imagine you find out China just doubled its solar panel manufacturing capacity in a single year and cut prices almost in half. How do you respond?
Do I need to say more? Could anything be more obvious?
Source here: https://www.zerohedge.com/geopolitical/janet-yellen-arrives-china-high-stakes-economic-meetings
Appropriate furniture for the people who fund and engage in these types of activities
I've had a few opportunities to send this to someone, always makes me laugh
Highly recommend, it's an excellent book. Really makes you stop and think about some of the things that might be beneficial in a deteriorating situation beyond just storing canned food etc.
I'll wish for what I please, andI wish for a 100% unemployment rate in the Keynesian economics field π€·πΌββοΈ. Now put that in your pipe and smoke it you bunch of ridiculous π€‘s.
Some days at work...π‘
So you have a building with 30 interior doors. The doorway rough opening can be anywhere between 84 1/2" and 86" high. HOW DO YOU AS A FRAMING CARPENTER GO 2 FOR 30 AT GETTING THEM WITHIN AN INCH AND A HALF, AND THE OTHER 28 I HAVE TO EITHER ADD FRAMING OR CUT THE HEADER OUT??? How do you not even make them all the same, get some too low and some too high? How do you keep doing that poor quality work and still have a job???
All I know is more people should get into framing carpentry, because you can be the world's worst wood butcher, still get paid big money, and the dumb finish carpenter will keep polishing your turds every time π€£π‘π€·πΌββοΈ
Literally this is the stuff I have to deal with every day π
Thanks for the kind words! My day job is in the building trades, and it's so frustrating to see the guys who work hard day after day building nice houses, who will never be able to afford to buy the house they are actually building. The current system is so unfair, it's really unfortunate. Meanwhile the house buyers are bankers, lawyers, politicians, and bureaucrats who contribute little of actual value to the world, yet through the wealth redistribution of credit money end up wealthy. Anything that helps to bring justice back to the system would be a huge benefit. And I believe it starts with money, and Bitcoin is the money that rewards productivity and helps someone improve their financial situation with good decisions.
Thanks for your input!
Bitcoin is certainly not a stock, I agree with that π―. But I do think money has certain equity-like qualities, and the boundaries aren't necessarily clearly defined. For example, a stock can also function as a store of value. And executives are often paid part of their compensation in stock or stock options, so a stock can also have a medium of exchange application. That doesn't make stocks money, but it does blur the boundaries between what money is and is not, and raise questions about how different forms of money will function based on their specific qualities.