On Sat, 25 Dec 2021 15:48:28 -0500, bitrex <user@example.net> wrote:
On 12/25/2021 3:26 PM, jlarkin@highlandsniptechnology.com wrote:
On Sat, 25 Dec 2021 13:33:48 -0500, bitrex <user@example.net> wrote:
On 12/25/2021 9:30 AM, jlarkin@highlandsniptechnology.com wrote:
On Sat, 25 Dec 2021 02:37:53 -0500, bitrex <user@example.net> wrote:
On 12/24/2021 11:17 AM, jlarkin@highlandsniptechnology.com wrote:
On Fri, 24 Dec 2021 15:17:28 GMT, Jan Panteltje
pNaOnStPeAlMtje@yahoo.com> wrote:
On a sunny day (Fri, 24 Dec 2021 06:08:43 -0800) it happened
jlarkin@highlandsniptechnology.com wrote in
aokbsghffsd0m8jqtl7r1jdaklc8h50mcu@4ax.com>:
On Fri, 24 Dec 2021 09:03:57 GMT, Jan Panteltje
pNaOnStPeAlMtje@yahoo.com> wrote:
On a sunny day (Thu, 23 Dec 2021 11:08:03 -0800) it happened John Larkin
jlarkin@highland_atwork_technology.com> wrote in
m4i9sglh469f6k3v7fdu7mard411k7ne1d@4ax.com>:
https://wolfstreet.com/2021/12/22/end-of-easy-money-global-tightening-in-full-swing-fed-promises-to-wake-up-in-time/
This mess reinforces my contention that nobody should be in charge of
economies, and especially not economists.
https://goldprice.org/nl/gold-price-charts/20-year-gold-price-history-in-us-dollars-per-ounce
Its heavy, I know
Why is that chart not euros per kilogram?
Yea, you got a point there, I was reading UK, now it left the EU, is back to pints again:
https://www.rt.com/news/544290-britain-pint-wine-bottle-brexit/
Zero interest rates almost force politicians to borrow without limit.
It\'s free money. There\'s no easy way down; the regulators are too
afraid of being blamed for the next stock market crash, which they
should be blamed for.
Nixon disconnected the dollar from gold....
US dollar has been losing value ever since (was the reason he disconnected it I think).
In the last 10 years, the dollar has gained on the euro, the pound,
and the yen.
Didn\'t the pound used to cost $5? It\'s $1.36 now.
Economic regulators seem to control bang-bang-rail-to-rail, too much
too late. No derivative terms.
With the amount of debt US is accumulating, more ever few years, your chocolates will be become very expensive.
When other countries no longer want to buy US debt US will try to rob them by war.
No, inflation will do.
Economists can\'t agree on why large amounts of debt is bad in the first
place, other than that it could cause a panic or destabilize the economy.
But also economist John Stuart Mills wrote:
\"Panics do not destroy capital; they merely reveal the extent to which
it has been previously destroyed by its betrayal into hopelessly
unproductive works.\"
Inflation is believed to be related to aggregate spending and what it\'s
spent on, not government spending in isolation, and the aggregate
spending of America\'s wealthiest corporations and its wealthiest
citizens in large part tends to be hopelessly unproductive speculatory
wanking, and the aggregate spending of the US government tends to be in
large part hopelessly unproductive assessment of military hardware and
regular doomed foreign adventures to give it a reason for existing.
The really big \"wealth\" is just stock shares and isn\'t often spent;
just theoretical stuff in a ledger somewhere. Unspent \"wealth\" does
not compete for buying stuff so doesn\'t hurt normal people.
If that\'s money that was simply transferred from the government printing
press to citizens to spend on stuff like health \"insurance\" and rent
payments and rate hikes in the same telephone and Internet service
they\'ve always had that eventually ends up in the speculative
investments of some billionaire somewhere that\'s non self-liquidating
debt and is inflationary, it\'s not the same as taking on federal debt to
invest in small businesses development or say funding in-home caregiving
for people who care for ill relatives freeing up their time to invest in
more productive works, which are in theory self-liquidating types of debt.
The best thing that government can do for small businesses is to do
less. It\'s amusing all the concessions states give to compete for
big-name car assemblers, to get a few thousand jobs. Why don\'t they
give similar concessions to all businesses?
Landlording is a particularly unproductive type of economic activity and
as you know any Real Communist tends hold the practice in a particularly
high level of contempt, how little-c communist Joe Biden feels about it
I\'m unsure.
Landlords are being driven out of business here. Fine, we don\'t need
renters. Buy a condo or sleep in a tent.
Are they? As I understand it SF recently turned over all their public
housing units to be managed by private sector subcontractors.
I\'ve seen (and slept in) Real Communist housing. I wasn\'t impressed.
Felt the same way about some apartments I\'ve slept in that rent for
$2000/mo in Boston and SF. Hey, least the Khrushchyovkas were priced
appropriate to their quality:
https://youtu.be/ZN-419d7vt4
Most government spending nowadays is frankly counter-productive. The
costs and damages are largely non-military, domestic.
With as large a negative trade balance as the US has they don\'t have
much choice.
Pass a lot of business taxes and regulations and expenses and suck up
to the unions, and see what happens. Imports.
Historically in the Western civilization negotiation between trade
unions and management was considered a more peaceful and rational option
all around than labor dragging the management out, setting them on fire
and putting an \"under new management\" sign on the door when they figured
they weren\'t getting their fair cut of the proceeds.
What\'s a fair cut? That was before giant container ships and 747
freighters.
If unions are so smart, why don\'t they start businesses?
I have a friend who was an organizer for the Teamsters union.
Sometimes the union employees would go on strike. She says that the
negotiations were brutal.
On 12/25/2021 4:30 PM, jlarkin@highlandsniptechnology.com wrote:
On Sat, 25 Dec 2021 15:48:28 -0500, bitrex <user@example.net> wrote:
On 12/25/2021 3:26 PM, jlarkin@highlandsniptechnology.com wrote:
On Sat, 25 Dec 2021 13:33:48 -0500, bitrex <user@example.net> wrote:
On 12/25/2021 9:30 AM, jlarkin@highlandsniptechnology.com wrote:
On Sat, 25 Dec 2021 02:37:53 -0500, bitrex <user@example.net> wrote:
On 12/24/2021 11:17 AM, jlarkin@highlandsniptechnology.com wrote:
On Fri, 24 Dec 2021 15:17:28 GMT, Jan Panteltje
pNaOnStPeAlMtje@yahoo.com> wrote:
On a sunny day (Fri, 24 Dec 2021 06:08:43 -0800) it happened
jlarkin@highlandsniptechnology.com wrote in
aokbsghffsd0m8jqtl7r1jdaklc8h50mcu@4ax.com>:
On Fri, 24 Dec 2021 09:03:57 GMT, Jan Panteltje
pNaOnStPeAlMtje@yahoo.com> wrote:
On a sunny day (Thu, 23 Dec 2021 11:08:03 -0800) it happened John Larkin
jlarkin@highland_atwork_technology.com> wrote in
m4i9sglh469f6k3v7fdu7mard411k7ne1d@4ax.com>:
https://wolfstreet.com/2021/12/22/end-of-easy-money-global-tightening-in-full-swing-fed-promises-to-wake-up-in-time/
This mess reinforces my contention that nobody should be in charge of
economies, and especially not economists.
https://goldprice.org/nl/gold-price-charts/20-year-gold-price-history-in-us-dollars-per-ounce
Its heavy, I know
Why is that chart not euros per kilogram?
Yea, you got a point there, I was reading UK, now it left the EU, is back to pints again:
https://www.rt.com/news/544290-britain-pint-wine-bottle-brexit/
Zero interest rates almost force politicians to borrow without limit.
It\'s free money. There\'s no easy way down; the regulators are too
afraid of being blamed for the next stock market crash, which they
should be blamed for.
Nixon disconnected the dollar from gold....
US dollar has been losing value ever since (was the reason he disconnected it I think).
In the last 10 years, the dollar has gained on the euro, the pound,
and the yen.
Didn\'t the pound used to cost $5? It\'s $1.36 now.
Economic regulators seem to control bang-bang-rail-to-rail, too much
too late. No derivative terms.
With the amount of debt US is accumulating, more ever few years, your chocolates will be become very expensive.
When other countries no longer want to buy US debt US will try to rob them by war.
No, inflation will do.
Economists can\'t agree on why large amounts of debt is bad in the first
place, other than that it could cause a panic or destabilize the economy.
But also economist John Stuart Mills wrote:
\"Panics do not destroy capital; they merely reveal the extent to which
it has been previously destroyed by its betrayal into hopelessly
unproductive works.\"
Inflation is believed to be related to aggregate spending and what it\'s
spent on, not government spending in isolation, and the aggregate
spending of America\'s wealthiest corporations and its wealthiest
citizens in large part tends to be hopelessly unproductive speculatory
wanking, and the aggregate spending of the US government tends to be in
large part hopelessly unproductive assessment of military hardware and
regular doomed foreign adventures to give it a reason for existing.
The really big \"wealth\" is just stock shares and isn\'t often spent;
just theoretical stuff in a ledger somewhere. Unspent \"wealth\" does
not compete for buying stuff so doesn\'t hurt normal people.
If that\'s money that was simply transferred from the government printing
press to citizens to spend on stuff like health \"insurance\" and rent
payments and rate hikes in the same telephone and Internet service
they\'ve always had that eventually ends up in the speculative
investments of some billionaire somewhere that\'s non self-liquidating
debt and is inflationary, it\'s not the same as taking on federal debt to
invest in small businesses development or say funding in-home caregiving
for people who care for ill relatives freeing up their time to invest in
more productive works, which are in theory self-liquidating types of debt.
The best thing that government can do for small businesses is to do
less. It\'s amusing all the concessions states give to compete for
big-name car assemblers, to get a few thousand jobs. Why don\'t they
give similar concessions to all businesses?
Landlording is a particularly unproductive type of economic activity and
as you know any Real Communist tends hold the practice in a particularly
high level of contempt, how little-c communist Joe Biden feels about it
I\'m unsure.
Landlords are being driven out of business here. Fine, we don\'t need
renters. Buy a condo or sleep in a tent.
Are they? As I understand it SF recently turned over all their public
housing units to be managed by private sector subcontractors.
I\'ve seen (and slept in) Real Communist housing. I wasn\'t impressed.
Felt the same way about some apartments I\'ve slept in that rent for
$2000/mo in Boston and SF. Hey, least the Khrushchyovkas were priced
appropriate to their quality:
https://youtu.be/ZN-419d7vt4
Most government spending nowadays is frankly counter-productive. The
costs and damages are largely non-military, domestic.
With as large a negative trade balance as the US has they don\'t have
much choice.
Pass a lot of business taxes and regulations and expenses and suck up
to the unions, and see what happens. Imports.
Historically in the Western civilization negotiation between trade
unions and management was considered a more peaceful and rational option
all around than labor dragging the management out, setting them on fire
and putting an \"under new management\" sign on the door when they figured
they weren\'t getting their fair cut of the proceeds.
What\'s a fair cut? That was before giant container ships and 747
freighters.
If unions are so smart, why don\'t they start businesses?
I have a friend who was an organizer for the Teamsters union.
Sometimes the union employees would go on strike. She says that the
negotiations were brutal.
When a company publishes a a sample employee budgeting guide that
assumes their employees have an undefined second job as an axiom they\'re
probably not getting a fair cut:
https://i.redd.it/8veoygegh7i21.jpg
On 12/25/2021 9:30 AM, jla...@highlandsniptechnology.com wrote:
On Sat, 25 Dec 2021 02:37:53 -0500, bitrex <us...@example.net> wrote:
On 12/24/2021 11:17 AM, jla...@highlandsniptechnology.com wrote:
On Fri, 24 Dec 2021 15:17:28 GMT, Jan Panteltje
pNaOnSt...@yahoo.com> wrote:
On a sunny day (Fri, 24 Dec 2021 06:08:43 -0800) it happened
jla...@highlandsniptechnology.com wrote in
aokbsghffsd0m8jqt...@4ax.com>:
On Fri, 24 Dec 2021 09:03:57 GMT, Jan Panteltje
pNaOnSt...@yahoo.com> wrote:
On a sunny day (Thu, 23 Dec 2021 11:08:03 -0800) it happened John Larkin
jlarkin@highland_atwork_technology.com> wrote in
m4i9sglh469f6k3v7...@4ax.com>:
https://wolfstreet.com/2021/12/22/end-of-easy-money-global-tightening-in-full-swing-fed-promises-to-wake-up-in-time/
This mess reinforces my contention that nobody should be in charge of
economies, and especially not economists.
https://goldprice.org/nl/gold-price-charts/20-year-gold-price-history-in-us-dollars-per-ounce
Its heavy, I know
Why is that chart not euros per kilogram?
Yea, you got a point there, I was reading UK, now it left the EU, is back to pints again:
https://www.rt.com/news/544290-britain-pint-wine-bottle-brexit/
Zero interest rates almost force politicians to borrow without limit.
It\'s free money. There\'s no easy way down; the regulators are too
afraid of being blamed for the next stock market crash, which they
should be blamed for.
Nixon disconnected the dollar from gold....
US dollar has been losing value ever since (was the reason he disconnected it I think).
In the last 10 years, the dollar has gained on the euro, the pound,
and the yen.
Didn\'t the pound used to cost $5? It\'s $1.36 now.
Economic regulators seem to control bang-bang-rail-to-rail, too much
too late. No derivative terms.
With the amount of debt US is accumulating, more ever few years, your chocolates will be become very expensive.
When other countries no longer want to buy US debt US will try to rob them by war.
No, inflation will do.
Economists can\'t agree on why large amounts of debt is bad in the first
place, other than that it could cause a panic or destabilize the economy.
But also economist John Stuart Mills wrote:
\"Panics do not destroy capital; they merely reveal the extent to which
it has been previously destroyed by its betrayal into hopelessly
unproductive works.\"
Inflation is believed to be related to aggregate spending and what it\'s
spent on, not government spending in isolation, and the aggregate
spending of America\'s wealthiest corporations and its wealthiest
citizens in large part tends to be hopelessly unproductive speculatory
wanking, and the aggregate spending of the US government tends to be in
large part hopelessly unproductive assessment of military hardware and
regular doomed foreign adventures to give it a reason for existing.
The really big \"wealth\" is just stock shares and isn\'t often spent;
just theoretical stuff in a ledger somewhere. Unspent \"wealth\" does
not compete for buying stuff so doesn\'t hurt normal people.
If that\'s money that was simply transferred from the government printing
press to citizens to spend on stuff like health \"insurance\" and rent
payments and rate hikes in the same telephone and Internet service
they\'ve always had that eventually ends up in the speculative
investments of some billionaire somewhere that\'s non self-liquidating
debt and is inflationary, it\'s not the same as taking on federal debt to
invest in small businesses development or say funding in-home caregiving
for people who care for ill relatives freeing up their time to invest in
more productive works, which are in theory self-liquidating types of debt.
Landlording is a particularly unproductive type of economic activity and
(It\'s not on the list)