It seems like most people who have been doing this for a long time are stuck in 2004 and they've got George W. Bush on the run!
But it hasn't been 2004 for almost 20 years, George W. Bush hasn't been president for 15 years, and the world is nothing like what it was back then.
This storyline really seems to be directly alluding to that. Having Biden two-face say 'You're either with us or you're with the terrorists' was artful. They don't realize they became everything they once hated but are so stuck in the past they refuse to see.
But it hasn't been 2004 for almost 20 years, George W. Bush hasn't been president for 15 years, and the world is nothing like what it was back then.
This storyline really seems to be directly alluding to that. Having Biden two-face say 'You're either with us or you're with the terrorists' was artful. They don't realize they became everything they once hated but are so stuck in the past they refuse to see.
Ah, so it's fine right right now, but that can change in a heartbeat. That makes sense.
Wonder why that's happening? Seems like natgas should be a pretty troublesome commodity right on the verge of winter...
I've always enjoyed something I once saw, people call politics "sports for pretentious people"
I expected this to happen during the 2021 election, but it's turning into a truism that governments tend to last just a little bit longer than you expect. Because of that though, governments that are on the way out start to think that they are immortal, and it's in the last term or two that they really go off the rails and think that they can do whatever they want, and in so doing they dig their grave.
I actually want competitive elections between multiple parties that I would be okay with winning, so I want to see the cataclysmic failure of all these parties that think that they can do whatever they want without consequence. That way they can start the painful process of rebuilding.
I actually want competitive elections between multiple parties that I would be okay with winning, so I want to see the cataclysmic failure of all these parties that think that they can do whatever they want without consequence. That way they can start the painful process of rebuilding.
The elites don't want you to know this, but wearing a ranger costume is free. I own 241 ranger costumes.
Let me tell you exactly what would happen.
Someone with a million dollar mortgage on their million dollar Toronto house would suddenly be debt free, with absolutely no pain, and they would walk into the bank, take out a million dollar loan, and buy a $2 million Toronto house (or maybe a $5 million Toronto house since they have a million dollars in equity in their existing home!), and they would probably believe that the government would come pay off all their debt for them again at some point in the future.
Economics is the study of incentives, and so if you base your macro off of completely ignoring the incentives that you're creating then you're going to make the situation worse. Deleveraging absolutely must come with pain, because that pain is the lesson being taught to the people who took out excess debt. It's the lesson that taking out excess debt will cause you pain, and people learn that in their gut and stay deleveraged unless there's a great reason to lever up. By contrast, if you just pay off everyone's loans, the lesson that you will be teaching those people is that if they rack up massive amounts of death then someone's going to swoop in and save them. It's going to teach them to stay levered.
It's also going to keep the cost of those assets way up. People aren't going to be short on cash, they will not have had any reason to learn that their crappy house in downtown Toronto isn't actually worth $3 million dollars, so prices will just continue to rise. Without the pain, asset prices won't be able to return to sanity, and the bubble will get worse.
And on the topic of incentives, you know who's going to be really badly punished by what you're talking about? Responsible people. People who didn't take out too much debt aren't going to get a giant payday. They're going to end up comparatively speaking behind because instead of racking up irresponsible debts, they only took out loans that they could afford to pay back. They probably didn't go on vacations that they could have, they probably chose to live in a different city, they probably chose to live a much different life with a much different vehicle and different toys.
So how do people deleverage otherwise? A few different ways. For those people living in toronto, they're going to have to sell their house. For people who took out too much debt to possibly pay back, they'll have to go bankrupt. Going bankrupt is going to hurt them in various ways, but it's going to help them in terms of getting out of debt, and it's going to hurt the bank because they're going to have to swallow the consequences of the bankruptcy. In this way, people who have just taken out way too much debt will get relief, and they will also get punished for their excesses, and the people who delivers by either just paying down debts or by selling assets responsibly will not be punished except by the pain of having to do those things. The banks are punished because they will take a hit on many of those loans, and people who at no point had that they couldn't pay off will end up ahead because they didn't have any leverage in the first place.
Someone with a million dollar mortgage on their million dollar Toronto house would suddenly be debt free, with absolutely no pain, and they would walk into the bank, take out a million dollar loan, and buy a $2 million Toronto house (or maybe a $5 million Toronto house since they have a million dollars in equity in their existing home!), and they would probably believe that the government would come pay off all their debt for them again at some point in the future.
Economics is the study of incentives, and so if you base your macro off of completely ignoring the incentives that you're creating then you're going to make the situation worse. Deleveraging absolutely must come with pain, because that pain is the lesson being taught to the people who took out excess debt. It's the lesson that taking out excess debt will cause you pain, and people learn that in their gut and stay deleveraged unless there's a great reason to lever up. By contrast, if you just pay off everyone's loans, the lesson that you will be teaching those people is that if they rack up massive amounts of death then someone's going to swoop in and save them. It's going to teach them to stay levered.
It's also going to keep the cost of those assets way up. People aren't going to be short on cash, they will not have had any reason to learn that their crappy house in downtown Toronto isn't actually worth $3 million dollars, so prices will just continue to rise. Without the pain, asset prices won't be able to return to sanity, and the bubble will get worse.
And on the topic of incentives, you know who's going to be really badly punished by what you're talking about? Responsible people. People who didn't take out too much debt aren't going to get a giant payday. They're going to end up comparatively speaking behind because instead of racking up irresponsible debts, they only took out loans that they could afford to pay back. They probably didn't go on vacations that they could have, they probably chose to live in a different city, they probably chose to live a much different life with a much different vehicle and different toys.
So how do people deleverage otherwise? A few different ways. For those people living in toronto, they're going to have to sell their house. For people who took out too much debt to possibly pay back, they'll have to go bankrupt. Going bankrupt is going to hurt them in various ways, but it's going to help them in terms of getting out of debt, and it's going to hurt the bank because they're going to have to swallow the consequences of the bankruptcy. In this way, people who have just taken out way too much debt will get relief, and they will also get punished for their excesses, and the people who delivers by either just paying down debts or by selling assets responsibly will not be punished except by the pain of having to do those things. The banks are punished because they will take a hit on many of those loans, and people who at no point had that they couldn't pay off will end up ahead because they didn't have any leverage in the first place.
I like it.
"Just stop eating. Just stop heating your home in winter. Just stop transporting food or people. Just stop building things."
Just die is what they're proposing.
"Just stop eating. Just stop heating your home in winter. Just stop transporting food or people. Just stop building things."
Just die is what they're proposing.
I've started to see it, they're going to just start lying straight-up. "Oh, we never said that, we never did that."
It is absolutely essential that we never ever forget what they did to us, and that we never ever let them pretend that it didn't happen.
It is absolutely essential that we never ever forget what they did to us, and that we never ever let them pretend that it didn't happen.
I have a gaming PC at home, and for that there's a reason to update every few years since video cards do change. For anything else? Nope. A 10 decent year old laptop with a bit of ram and an ssd is basically going to run perfectly for most tasks.
And as for video, unless I'm specifically looking at something, 480p is just fine. Who needs that detail for most things?
I think that changes a lot for a lot of people. It's great that we can have more power, but we are unlikely to need it for anything. At that point, making stuff that lasts sounds like a better deal to me.
And as for video, unless I'm specifically looking at something, 480p is just fine. Who needs that detail for most things?
I think that changes a lot for a lot of people. It's great that we can have more power, but we are unlikely to need it for anything. At that point, making stuff that lasts sounds like a better deal to me.
Remind me in 2025 to look up Kivalina Alaska. Not long now until they were claiming it would be gone forever.
Honestly, I've considered that the contagion from Europe is likely to dramatically affect fuel prices in Canada and the US this winter. The fuel may be here, but if they're willing to pay more there, guess who gets the fuel?
I expect that if natural gas blows up, it'll mean that electricity grids see outages even in areas that don't rely on natural gas for electricity generation as people try to switch seeing their heating bills blow up (including the carbon tax which is set to triple in january up here)
I'm recommending people to plan ahead accordingly. Either I turn out to be wrong and you've got some extra supplies, or I turn out to be right and you're well off while others are struggling. I call this the day of the ant and the grasshopper.
I expect that if natural gas blows up, it'll mean that electricity grids see outages even in areas that don't rely on natural gas for electricity generation as people try to switch seeing their heating bills blow up (including the carbon tax which is set to triple in january up here)
I'm recommending people to plan ahead accordingly. Either I turn out to be wrong and you've got some extra supplies, or I turn out to be right and you're well off while others are struggling. I call this the day of the ant and the grasshopper.
Curious what that actually means.
My gas tank is presently 100% full, but I can't last the winter with it.
My gas tank is presently 100% full, but I can't last the winter with it.
https://nypost.com/2021/01/21/twitter-sued-for-allegedly-refusing-to-remove-child-porn/
We MUST MUST MUST remember this story any time they're pretending they won't be able to moderate CP if you fire a bunch of people from twitter.
We MUST MUST MUST remember this story any time they're pretending they won't be able to moderate CP if you fire a bunch of people from twitter.
>not emitting more co2 in the future than expected in growth is equal to actually reducing it (government already does this when talking about budget deficit and debt)
The "My wife said it was on sale" school of reducing costs.
Protip: She usually spends more money when it's on sale.
The "My wife said it was on sale" school of reducing costs.
Protip: She usually spends more money when it's on sale.
A big thing to keep in mind is how our markets are so badly warped, not free markets at all.
The reason that there's so many investors with so much money to throw at useless crap is that the government created stuff like central banks, bank insurance, deposit insurance, and so on that allow money to be pumped out without any regard for the risk of an investment.
All this money is trying to find a place to grow, so it all goes into index funds, and if you can get your stock on there, you're golden.
This is all a result of "make the numbers go up at all times", because if the numbers didn't always go up because the state wasn't propping everything up, then capital would only grow if it was smart and chased smart profitable works, which is a lot harder than just creating unlimited money and letting it slosh everywhere.
I suspect we're going to see this hard if central banks continue to reduce liquidity to fight inflation.
The reason that there's so many investors with so much money to throw at useless crap is that the government created stuff like central banks, bank insurance, deposit insurance, and so on that allow money to be pumped out without any regard for the risk of an investment.
All this money is trying to find a place to grow, so it all goes into index funds, and if you can get your stock on there, you're golden.
This is all a result of "make the numbers go up at all times", because if the numbers didn't always go up because the state wasn't propping everything up, then capital would only grow if it was smart and chased smart profitable works, which is a lot harder than just creating unlimited money and letting it slosh everywhere.
I suspect we're going to see this hard if central banks continue to reduce liquidity to fight inflation.
Just imagine: Trudeau imports a bunch of gang members from New York, they bring crime with them.
Then Trudeau tries to ban the illegal handguns they're using as if it's the guns that are the problem.
We always sort of knew we elected a retard, but I guess this just confirms what we knew...
Then Trudeau tries to ban the illegal handguns they're using as if it's the guns that are the problem.
We always sort of knew we elected a retard, but I guess this just confirms what we knew...
C'mon, don't you want the local duke to be able to bang your wife on your wedding night before you?
(Uh oh... I think many neo-feudalists would...)
(Uh oh... I think many neo-feudalists would...)
This sort of thing is exactly why I migrated to a self-hosted nextcloud.
Why is it Google's business what I store on my drive? Oh wait, it isn't. And you know what else? I don't need to pay myself a per-product monthly fee for the privilege of having access to my own server. There's an upfront hardware cost, but when you start to look at the potential monthly cost, you come out ahead quickly and you've got freedom as well, which in my view is way more important.
The other thing I love is that nextcloud has a lot of optional apps that let you host all kinds of useful services in addition to just being a drive replacement.
Why is it Google's business what I store on my drive? Oh wait, it isn't. And you know what else? I don't need to pay myself a per-product monthly fee for the privilege of having access to my own server. There's an upfront hardware cost, but when you start to look at the potential monthly cost, you come out ahead quickly and you've got freedom as well, which in my view is way more important.
The other thing I love is that nextcloud has a lot of optional apps that let you host all kinds of useful services in addition to just being a drive replacement.
I'm convinced that solicitation of random women is a core piece of their business model. Before I deleted my account, facebook would routinely ask me "Do you know this person?" and show me the account of some random hot girl. I guaran-fucking-tee you that this was entirely intentional to get me harassing random women so I'd spend more time on the site.