It's a shame there's no one on the ballot who's a competent economic steward.
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@sickburnbro @sj_zero maybe nobody on a ballot has any real influence over the economy?
Well there's certain things that they do have an influence over, and every candidate being presented would rack up more debt by signing extravagant budgets.
Considering just how much of the economy government spending is, that has a direct impact on the economy. Now, the actual numbers would look a lot worse if you spend less Federal money, but the actual economy would get better because the private sector wouldn't be fighting the government for those resources...
Considering just how much of the economy government spending is, that has a direct impact on the economy. Now, the actual numbers would look a lot worse if you spend less Federal money, but the actual economy would get better because the private sector wouldn't be fighting the government for those resources...
@sj_zero @EssentialUtinsil We are so far beyond "not adding more debt" that isn't even a conversation worth having. The level of austerity required to adequately fund obligations would make post WW1 Germany wince.
Unfortunately, the only other option is a massive sovereign debt crisis, which might be the only option.... But if that's going to be an option, it needs to be an option that in the end results in a balanced budget because otherwise the United States will just become a backwater...
@sj_zero @EssentialUtinsil There is a reason I keep saying this is going to end up in a Spanish Civil War style event, because the only way you are going to have the authority to enact such a thing is a complete failure of the opposing vision.
You may not believe this, but I am patient.
You may not believe this, but I am patient.
It's a shame they stopped teaching history, because the collapse of the Spanish empire is a great example of what can happen when the laws of financial physics stop being followed...
@sj_zero @sickburnbro @EssentialUtinsil >a massive sovereign debt crisis
GAE can probably buy time by killing off the Euro (in progress) and the Yen (next up), but I think they'll only get one trip at most to that buffet as it's debatable how much the dollar would be viewed as a "flight to safety" in a worldwide currency collapse. And, like I said, it would only buy time, maybe a few years, maybe a week.
GAE can probably buy time by killing off the Euro (in progress) and the Yen (next up), but I think they'll only get one trip at most to that buffet as it's debatable how much the dollar would be viewed as a "flight to safety" in a worldwide currency collapse. And, like I said, it would only buy time, maybe a few years, maybe a week.
@sickburnbro @sj_zero @EssentialUtinsil But there is no American Franco. How would that work? Who would come to save "the right"?
@EvilSandmich @sj_zero @EssentialUtinsil they're going to do capital controls and smart people are going to start going to CNY and RUB, but all it will do is be a mark of disloyality to the regime.
Crypto is probably the safest near-term.
Crypto is probably the safest near-term.
@sickburnbro @sj_zero @EssentialUtinsil There's a reason why Great Depression survivors were paranoid pack rats who held onto anything physical that had any sort of worth.
@EvilSandmich @sj_zero @EssentialUtinsil This is why I tell people to learn how to fix their stuff: learn to sew, learn to turn a wrench.
And get your hands on the tools to do such things while you still can. Considering that a lot of this stuff is made in china, all it takes is One world war and you won't be able to get a tool kit for Love or money.
@sj_zero @EssentialUtinsil @EvilSandmich there are plenty of people on youtube that are showing people how to do machining. It will eventually fill the gap, but best to have something now.
@EvilSandmich @sickburnbro @sj_zero @EssentialUtinsil ya they were just crazy who does that
Imo the toughest part will be bootstrapping. It's relatively easy once you've got all the infrastructure in place, but we gave up all the infrastructure in the West.
@Gab_Refugee @EvilSandmich @sj_zero @EssentialUtinsil well, yes they learned a behavior which became detrimental during a time of glut.
@sj_zero @EssentialUtinsil @EvilSandmich Not all. I checked when there was the big bridge disaster. We do still have a few steel factories here in the US.
@EvilSandmich @sickburnbro @sj_zero @EssentialUtinsil What's old is new.
We are going to find out what our ancestors learned 100 years ago.
We are going to find out what our ancestors learned 100 years ago.
@sickburnbro @Gab_Refugee @EvilSandmich @sj_zero they passed it on too, but then it turned into collecting dumb worthless shit
@EssentialUtinsil @sickburnbro @EvilSandmich @sj_zero Beanie Babies, VHS tapes, and Newspapers are where itβs at tho homie.
@Gab_Refugee @sickburnbro @EvilSandmich @sj_zero funko pops are at least vinyl and will last a long time without having to be hermetically sealed and preserved
@sickburnbro @sj_zero @EssentialUtinsil @EvilSandmich Is that counting US Steel that's being purchased by Japan? I guess so long as the equipment and expertise remain here, it can be seized and repurposed in an emergency.
@JedKron1248 @sj_zero @EssentialUtinsil @EvilSandmich yes, I'm talking about just physical steel being produced in the US, which ultimately is what we need.
It's a shame elections aren't real.