Reply
  • Jan 12
    ·
    1 reply
    Banana Clip

    So you’ve got a fundamental disagreement with the federal reserve itself or with central banking and monetary policy as a whole? I would understand either answer, don’t need a lengthy explanation (unless you wanna give one)

    Yes with the 2008 crisis showing they were going too hard with the "too big to fail" philosophy. It's had a hand in the s*** show we are in today.

  • Jan 12
    ·
    1 reply
    ragedsycokiller

    Yes with the 2008 crisis showing they were going too hard with the "too big to fail" philosophy. It's had a hand in the s*** show we are in today.

    The alternative is likely hyperinflation though.

  • Jbreezyondeck

    Fed sucks but they need to maintain their independence from government persuasion for sure

  • Jan 12
    ·
    1 reply
    CrimsonArk

    The alternative is likely hyperinflation though.

    I'm not smart enough to offer an easy transition or break away from the current system, but I definitely know a generation down the line is going to have to deal with the s***s

  • Jan 12
    ·
    3 replies
    carlos slim

    like what

    some stranger things ass s*** wtf

    Its pretty wild. They're not even fully describing what it was.

    Remember Havana syndrome? Where many cia agents ended up f***ed up fir weeks, potentially years.

    People laughed it off as hangovers, but this is what countries are using now. F***ing scary because you can immobilize anyone from a distance and they have zero way to see it coming.

  • Can’t even begin to imagine how chaotic the midterms are likely to be.

  • Jan 12
    ·
    1 reply
    ragedsycokiller

    I'm not smart enough to offer an easy transition or break away from the current system, but I definitely know a generation down the line is going to have to deal with the s***s

    I get what you’re saying and agree to an extent but I think it’s a more a failure of government (fiscal) policy than monetary (the Fed), though they go hand in hand oftentimes.

    Government has used the competence and power of monetary policy as a crutch for the past 2 decades in order to not make uncomfortable decisions, which leads us to our current affordability crisis (exacerbated by COVID but it was undoubtedly a growing issue by itself).

    Unfortunately we’re reaching a reckoning. I actually don’t think there is much correlation anymore between interest rates and employment because of technology and global conglomerates being able to offshore jobs. So even if rates are lowered and we “money print” there’s no longer a guarantee of increased employment and economic activity, except further inflation of asset prices.

    Government policy needs to make a wide range of changes that will take thousands of people much smarter than us to fully tackle (zoning laws to expand housing, something to tackle poverty and unemployment without stifling technological innovation, aging population and immigration dynamics), and I have low confidence in the US being able to elect leaders willing to do all of this, and even less to do so efficiently.

  • Jan 12
    ·
    2 replies

    Is there anything we can do to prepare for likely hyperinflation after Trump kicks Powell? Right now I’m struggling to buy food soo

  • Jan 12
    ·
    1 reply
    Banana Clip

    I get what you’re saying and agree to an extent but I think it’s a more a failure of government (fiscal) policy than monetary (the Fed), though they go hand in hand oftentimes.

    Government has used the competence and power of monetary policy as a crutch for the past 2 decades in order to not make uncomfortable decisions, which leads us to our current affordability crisis (exacerbated by COVID but it was undoubtedly a growing issue by itself).

    Unfortunately we’re reaching a reckoning. I actually don’t think there is much correlation anymore between interest rates and employment because of technology and global conglomerates being able to offshore jobs. So even if rates are lowered and we “money print” there’s no longer a guarantee of increased employment and economic activity, except further inflation of asset prices.

    Government policy needs to make a wide range of changes that will take thousands of people much smarter than us to fully tackle (zoning laws to expand housing, something to tackle poverty and unemployment without stifling technological innovation, aging population and immigration dynamics), and I have low confidence in the US being able to elect leaders willing to do all of this, and even less to do so efficiently.

    Whoever makes those decisions will ultimately pay the price of the sins from their predecessors so of course they’re just going to keep kicking the can down the road. The bandaid should’ve been ripped off but now it’s more like covering up a gunshot wound

  • Jan 12
    ·
    1 reply
    word salad

    Is there anything we can do to prepare for likely hyperinflation after Trump kicks Powell? Right now I’m struggling to buy food soo

    Back to money under the mattress times sheesh are we great again yet

  • Jan 12
    ·
    1 reply
    Rockstard

    Back to money under the mattress times sheesh are we great again yet

  • Jbreezyondeck
    !https://m.youtube.com/watch?v=r8Qr8A1j_sg&pp=ygUcbW9uZXkgaW4gdGhlIG1hdHRyZXNzIGZ1dHVyZQ%3D%3D

    This s*** cant hurt you as much when youve always/already been broke

  • Jan 12
    Jbreezyondeck

    Whoever makes those decisions will ultimately pay the price of the sins from their predecessors so of course they’re just going to keep kicking the can down the road. The bandaid should’ve been ripped off but now it’s more like covering up a gunshot wound

    Capitalism

  • Jan 12
    ·
    1 reply
    Bo Ceephus

    Its pretty wild. They're not even fully describing what it was.

    Remember Havana syndrome? Where many cia agents ended up f***ed up fir weeks, potentially years.

    People laughed it off as hangovers, but this is what countries are using now. F***ing scary because you can immobilize anyone from a distance and they have zero way to see it coming.

    stranger things lowkey way too realistic bruh

    did u know that declassified documents show evidence that the CIA actually got their crazy psychic experiments to work. testing on psychic projection s*** produced successful results. the test subjects were able to correctly identify the general shape and layout of military bases on the other side of the world. The only problem was that the success rate was like 20%. which considering the success rate should be zero that is insane. but also if ur the military and ur surveillance tools are only accurate 20% of the time wtf will u do. so even though they lowkey found real results the program got shut down.

  • Right wing stays protecting pedos

  • carlos slim

    stranger things lowkey way too realistic bruh

    did u know that declassified documents show evidence that the CIA actually got their crazy psychic experiments to work. testing on psychic projection s*** produced successful results. the test subjects were able to correctly identify the general shape and layout of military bases on the other side of the world. The only problem was that the success rate was like 20%. which considering the success rate should be zero that is insane. but also if ur the military and ur surveillance tools are only accurate 20% of the time wtf will u do. so even though they lowkey found real results the program got shut down.

    I did read about it because I got really into UFO's and then usually psychic s*** gets brought up with it.

    I know they shut down the remote viewing program but there has to be something they followed up with later.

    Like even 20% is surreal. Clearly theres more that could be found from it.

    I would bet they do still have some kind of program and its just a very rare number of people that can do it.

  • Jan 12
    ·
    1 reply

    bro these people are so brain dead and dumb

  • you can tell andrew can’t stand him

  • Gangy 🇨🇳
    Jan 12
    ·
    1 reply
    Scatt

    bro these people are so brain dead and dumb

    !https://youtu.be/_IrMqA3fVO0?si=ByvCyiwGZgPBwwX9

    Can’t believe I just watched all of this

  • Jan 12
    ·
    2 replies
    Gangy

    Can’t believe I just watched all of this

    i was planning on it but i couldn’t turn it off

    dude is so dumb

  • Gangy 🇨🇳
    Jan 12
    Scatt

    i was planning on it but i couldn’t turn it off

    dude is so dumb

    We’re so f***ed

  • Gangy 🇨🇳
    Jan 12

    Goddamn

    When they’re talking about legacy media dying out soon
    Like yeah that’s cool and all but right wing independent media like this f*** will definitely win the race down the line

  • word salad

    Is there anything we can do to prepare for likely hyperinflation after Trump kicks Powell? Right now I’m struggling to buy food soo

    Start selling yourself or sell dope

  • Jan 12
    ·
    edited
    ·
    1 reply
    Scatt

    i was planning on it but i couldn’t turn it off

    dude is so dumb

    Not even dumb like he genuinely seems medically slow

  • Gangy 🇨🇳
    Jan 12
    Willie Wildcat
    · edited

    Not even dumb like he genuinely seems medically slow

    Bro keeps saying “it’s basic supply and demand” regarding immigrants pushing home prices up jfc