• 1 Post
  • 22 Comments
Joined 4 months ago
cake
Cake day: February 16th, 2025

help-circle


  • turnip@lemm.eetoProgrammer Humor@programming.devCorporate Branding
    link
    fedilink
    English
    arrow-up
    2
    ·
    edit-2
    2 months ago

    Well I think a big issue with that is monetary policy. Which bids up the price of goods using debt, as everything becomes financialized. It used to be a mortgage had a real physical cost as a lump of gold moved around, now its just numbers in a computer created out of the ether, and this bids up the cost of living in order to derive what we call economic growth. A transfer from the young to the old essentially.

    The 2% inflation we attempt to achieve is after hedonic adjustments, substitutions, and investments are taken out, and so the money supply grows at 10% a year as people are clinging by the skin of their teeth to eek out more aggregate demand to attempt to infinitely grow an economy.

    The 2% inflation was decided in the 90s with no real logic put forth as to where it would lead, and its obviously lead to huge bubbles and asset inequality as people try to profit off the first mover advantage of their debt being debased, as the CPI was progressively modified to loosen the money supply to promote more economic growth over time.

    In the late 80’s they removed housing appreciation from the CPI for instance, and what do you expect that did to home prices? They did that to fix another problem with the CPI, which was that raising interest rates raised inflation during Volcker, making it a feedback loop that lead to the double digit increase in rates. So it was already broken and it was then patched like it was a car held together with duct tape.


  • turnip@lemm.eetoMemes@lemmy.mlJerkoff
    link
    fedilink
    English
    arrow-up
    3
    arrow-down
    2
    ·
    edit-2
    2 months ago

    The briefcase of money turns into velocity of money, which turns into jobs, which turns into wage pressure, which turns into higher wages for the poor, so they can buy the product or service with their own greatest marginal utility; so in their eyes they view the briefcase of money as the optimal empathetic choice.

    Well, assuming the right in this case are Ron Paul right-leaning and not Trump right-leaning. In Trumps case he does just want the briefcase of money for himself.




  • Musk already got what he wanted. He bought Trump, and Trump will give Palantir every ounce of government data to analyze, which was likely a sticking point for Palantir to cement them as the only viable product for the US governments future military applications. Once pandoras box is open for classified data its a little bit hard to close it, especially once they gain a dependence on it.

    Palantir then buys his crappy xAI platform that recently bought Twitter.






  • 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


  • turnip@lemm.eeto196@lemmy.blahaj.zoneHuman rulesources
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    4
    ·
    edit-2
    2 months 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





  • Weird they dislike the ECB and the European Union, they give us bangers like bank bail-ins and CBDC, to deal with their strangulation of productivity investment and diminishing living standards.

    To demonstrate my skepticism towards the Europeans’ ability to leave behind their zombie banking system, unmarketable debt, and complete dependence on suppressing price discovery - consider the following policy reactions orchestrated by the European Central Bank (ECB) since the 2008-09 crisis:

    • European Financial Stability Facility (EFSF)

    • European Financial Stabilisation Mechanism (EFSM)

    • European Stability Mechanism (ESM)

    • Outright Monetary Transactions (OMT)

    • Long Term Refinancing Operation (LTRO)

    • Long Term Refinancing Operation II (LTRO)

    • Long Term Refinancing Operation III (LTRO)

    • Tripartite Committee consisting of ECB, IMF, EC agreement (TROIKA)

    • Forced austerity and bailouts of Portugal, Ireland, Italy, Greece, Spain

    • Activation of FED USD Swap Lines

    • Asset Purchase Program (APP)

    • Corporate sector purchase programme (CSPP)

    • Public sector purchase programme (PSPP)

    • Asset-backed securities purchase programme (ABSPP)

    • Covered Bond Purchase Programme (CBPP)

    • Covered Bond Purchase Programme II (CBPP)

    • Covered Bond Purchase Programme III (CBPP)

    • Pandemic Emergency Purchase Programme (PEPP)

    • Quantitative Easing (QE)

    • Zero Interest Rate Policy (ZIRP)

    • Negative Interest Rate Policy (NIRP

    etc…



  • turnip@lemm.eetoMemes@lemmy.mlTrickflation
    link
    fedilink
    English
    arrow-up
    2
    arrow-down
    6
    ·
    edit-2
    3 months ago

    Weird what happens when 40% of the currency was printed in the last few years.

    Are we blaming the government who control interest rates, gamify the CPI to depress inflation, and who control the corresponding new money supply that drives up the price of basic goods?

    If housing, gold, and crypto are any indication people have far too much money than they know what to do with. You’d have to be a fool to not accumulate some cantillon effect for yourself when you’re government is throwing money away.