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posted 1 year ago by NumbaZero 1 year ago by NumbaZero +8 / -3
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– Redsky 2 points 1 year ago +3 / -1

TyPiNG in LowCaSE aND uPpER makes YoU sound sound like an idiotic liberal redditor. MUh idiocracy! Are we going to have adult conversations? Don't develop the persona of your enemies.

I don't understand economics. Back when inflation first began I heard predictions it would come in waves as was the natural trend, so that's what I'm expecting. The financial wizardry of the US/Federal Reserve and massive US debt/deficit has, IMO, significantly skewed traditional financial workings. Your questions are all based in traditional economics, but you're not considering the massive money printing and the massive expense the US is inviting to service the US debt. I would assume (perhaps ignorantly) that the US debt is a the elephant in the room and economic models/predictions would have to consider that (none of your questions do).

The entire world is drowning in debt due to Jewish central banks. The debt can't be paid, so its either defaulted or inflated away.

Again, I don't understand economics (especially federal reserve/US debt financial wizardry) so maybe I'm wrong.

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– Throwawaylostaccount 4 points 1 year ago +4 / -0

Or economic disaster “solved” by cbdc backed by Microsoft’s WO2020060606 patent

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– deleted 1 point 1 year ago +1 / -0
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– Jalapeno_gringo 2 points 1 year ago +2 / -0

Before the scamdemic, we were seeing high inflationary pressure in construction. Low oil prices were keeping it from manifesting. Supply chains were already stretched thin but nobody was talking about it. The housing market is about to take a serious dump, it may have a slight rebound first, but it's doomed. Demographics is at play more than anything else. The world is about to change, like it or not

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– deleted 1 point 1 year ago +1 / -0
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– IGOexiled 1 point 1 year ago +1 / -0

The Setup: Begin with 10 folks on a deserted island who are using pressed volcanic ash wafers as currency.

Situation Normal: Let's say they have 100 total wafers. Maybe a day's worth of fish costs a couple wafers to the fisherman, a woven vine net would sell to the fisherman for several wafers. One inhabitant maybe hauls fresh water from the lagoon in exchange for a wafer a day, an economy.

The Creation of Debt: One of the fishermen steps on a flint knife and is impaled through the foot, incapacitated. Reasonably averse to dying, the injured folk begs for aid. Perhaps from the water fetcher. "You earn one wafer hauling water, but when I recover I'll give you two wafers for each day that you instead spend helping me." The injured folk takes 51 days to heal, and now owes more wafers (102) to the water hauler than even exist.

Downward Spiral: This maimed fisherman is now working at a deficit. The first haul of fish per day goes towards paying his debt to the water-fetching nurse. The second to feed himself. He has to work, with a limp, harder than the other fishermen just to break even. Without discretionary wafers, he isn't buying as many leathers for his wife and things are tense at home. The situation is untenable.

Equal and Opposite: Meanwhile, the water fetcher is trading well, using his extra wafers to buy some fur insulation for the walls of his hut for winter. Tar waterproofing, the whole nine yards. Fetcher is living like a king. The womenfolk are competing among each other to win a place in his warm hut. Every folk with something to sell comes to Fetcher, because he's the one with the money. It seems everyone who interacts with Fetcher benefits... except for the maimed fisherman.

-- end chapter 1 --

So sorry, I thought this would be like two sentences, not a fucking rough draft for a kid's book.

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– the-new-style 1 point 1 year ago +1 / -0

It's interest rates

jesus, it's not even complicated

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– deleted 1 point 1 year ago +1 / -0
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– the-new-style 1 point 1 year ago +1 / -0

of course.

are you still under the impression the Fed sets interest rates?

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– deleted 1 point 1 year ago +1 / -0

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