I know a lot of people don't like him that much, but Tim Pool is right about getting some reserve food.
This doesn't mean you need to go get a 300 dollar emergency ration bucket from one of those websites. You can go find a couple 50lb bags of rice. 1lb of rice provides about 1600 calories, so 100lb of rice by itself will have enough calories for about 80 days if you assume a 2000 calorie per day diet. Then grab some vitamin pills and you've got enough nutrition for most of the winter if things get bad.
And if the winter is fine? cool! It means you've got a basically unlimited supply of rice! You can slowly use it in normal meals over a long time, and as food continues to rise (because even without a crisis it will) you get to eat the rice you paid 2022 prices for.
Liberty is a two way street. It means the freedom to do as you please, but it means the responsibility to make sure you're prepared to take care of yourself instead of hoping some omnibenevolent nanny state will save you if things become slightly worse than we expect.
And you know what else? We should look into the worst that could happen in other scenarios too. What happens if the power goes out for a few days in the middle of the winter? What happens if the gas goes out for a few days in the middle of the winter? What happens if water goes out for a few days? What happens if the car breaks down and you can't get to a supermarket for a week while it's in the shop? What happens if the circuit board on your furnace burns out and it's going to be a few days until the replacement board arrives? It's relatively cheap and easy to be ready for these small events during the good times, and while other people are panicking during the bad times, you just implement your pre-established plan using the resources you already gathered.
This doesn't mean you need to go get a 300 dollar emergency ration bucket from one of those websites. You can go find a couple 50lb bags of rice. 1lb of rice provides about 1600 calories, so 100lb of rice by itself will have enough calories for about 80 days if you assume a 2000 calorie per day diet. Then grab some vitamin pills and you've got enough nutrition for most of the winter if things get bad.
And if the winter is fine? cool! It means you've got a basically unlimited supply of rice! You can slowly use it in normal meals over a long time, and as food continues to rise (because even without a crisis it will) you get to eat the rice you paid 2022 prices for.
Liberty is a two way street. It means the freedom to do as you please, but it means the responsibility to make sure you're prepared to take care of yourself instead of hoping some omnibenevolent nanny state will save you if things become slightly worse than we expect.
And you know what else? We should look into the worst that could happen in other scenarios too. What happens if the power goes out for a few days in the middle of the winter? What happens if the gas goes out for a few days in the middle of the winter? What happens if water goes out for a few days? What happens if the car breaks down and you can't get to a supermarket for a week while it's in the shop? What happens if the circuit board on your furnace burns out and it's going to be a few days until the replacement board arrives? It's relatively cheap and easy to be ready for these small events during the good times, and while other people are panicking during the bad times, you just implement your pre-established plan using the resources you already gathered.
I have a pinephone, so unlike you plebs it won't run at full speed even if I delete every single virus.
We're in the beginning of what could be the worst stagflationary depression since Weimar Germany.
I'd argue that this actually started in the late 90s with Alan Greenspan's Irrational Exuberance. Excess liquidity then caused the dot com bubble which caused the dot com crash which caused the fed to push for more liquidity, which inflated the housing bubble which crashed and caused the fed to push for more liquidity, which inflated the everything bubble which crashed due to covid and caused the fed to push for more liquidity which inflated the second everything bubble which led to the current moment.
Politically the politicians and central banks want the numbers to go up so they'll do the easy thing to, which is pushing for more liquidity, which ends up causing speculative bubbles fueled by debt, and because people are playing with money they can't afford to lose everything crashes when they start to lose that money. It's a cycle that's been going on for 20 years, but I don't think there's any fuel left in the tank to do it more.
I'd argue that this actually started in the late 90s with Alan Greenspan's Irrational Exuberance. Excess liquidity then caused the dot com bubble which caused the dot com crash which caused the fed to push for more liquidity, which inflated the housing bubble which crashed and caused the fed to push for more liquidity, which inflated the everything bubble which crashed due to covid and caused the fed to push for more liquidity which inflated the second everything bubble which led to the current moment.
Politically the politicians and central banks want the numbers to go up so they'll do the easy thing to, which is pushing for more liquidity, which ends up causing speculative bubbles fueled by debt, and because people are playing with money they can't afford to lose everything crashes when they start to lose that money. It's a cycle that's been going on for 20 years, but I don't think there's any fuel left in the tank to do it more.
Anyone involved with the whole ordeal pisses me off, because they're straight-up frauds. There isn't a rule they didn't ignore if it was their buddies doing the breaking.
When these people are done their time on earth, they will have to answer to their ancestors for what they have done. There will be no massive multinational megacorp to protect them from the truth then. Only an eternity of disgrace.
When these people are done their time on earth, they will have to answer to their ancestors for what they have done. There will be no massive multinational megacorp to protect them from the truth then. Only an eternity of disgrace.
"The first amendment doesn't mean you have a right to express disagreement with the government!"
Find a girl who talks about you when you're not around like Kanye talks about Hitler
>kicked out of art school
>Goes on to produce enduring living art products in pure evil empire with striking visual style
>Goes on to produce enduring living art products in pure evil empire with striking visual style
https://lotide.fbxl.net/posts/16888
The above link is pretty long, but reviews a large number of recessions and shows a few commonalities. The key reason to look at it as a debt bubble is that excess money causes an expansion of credit which runs into certain industries which appear profitable to everyone at the same time, which causes massive over investment in those industries, and later on when it turns out that they can't possibly be profitable enough to justify the overinvestment, and this is the key thing, the value collapses and all of the leveraged investors lose not just the money that they have but the money that they don't have which ends up causing the downward part of the cycle, where Banks lose money on a whole bunch of loans which can cause Bank closures, it causes a reduction in the money supply, it causes tightening of credit, which overall means that there's less money moving around the economy, which leads to recession.
The key is leverage. Leverage means that with a relatively small amount of money you can create a relatively large amount of money when things are moving up, but it also means that you can destroy a relatively large amount of money with a relatively small amount of money when things are moving down.
In some ways it's like a casino. Nobody ever lost their home gambling money they could afford to lose. People lose their home when they are gambling with debt they can't afford to lose.
The above link is pretty long, but reviews a large number of recessions and shows a few commonalities. The key reason to look at it as a debt bubble is that excess money causes an expansion of credit which runs into certain industries which appear profitable to everyone at the same time, which causes massive over investment in those industries, and later on when it turns out that they can't possibly be profitable enough to justify the overinvestment, and this is the key thing, the value collapses and all of the leveraged investors lose not just the money that they have but the money that they don't have which ends up causing the downward part of the cycle, where Banks lose money on a whole bunch of loans which can cause Bank closures, it causes a reduction in the money supply, it causes tightening of credit, which overall means that there's less money moving around the economy, which leads to recession.
The key is leverage. Leverage means that with a relatively small amount of money you can create a relatively large amount of money when things are moving up, but it also means that you can destroy a relatively large amount of money with a relatively small amount of money when things are moving down.
In some ways it's like a casino. Nobody ever lost their home gambling money they could afford to lose. People lose their home when they are gambling with debt they can't afford to lose.
https://torontolife.com/real-estate/toronto-highrises/
Toronto in particular has more construction than any other city in North America, so money is being spent, but the entire real economy is affected by capital being sucked up by malinvestment and building is no different. Even a booming industry is held back because the best and brightest are being snatched up to work on useless crap because useless crap pays better in this economy.
That being said, the housing is also malinvestment. They cost so much because people can borrow so much money they can't afford to borrow and so solid purchases from good customers are being crowded out by investment from companies or individuals flush with borrowed cash. The money being added drives up prices and the prices being driven up drives further money being added.
https://www.cbc.ca/news/canada/toronto/investors-in-ontario-real-estate-market-1.6258199
The only positive is that with mortgage rates on the rise, prices will crash. Not good for irresponsible borrowers or irresponsible lenders, but good for society because the cost of living we were ignoring because numbers were going up was having massive negative knock on effects financially, economically, and socially.
Toronto in particular has more construction than any other city in North America, so money is being spent, but the entire real economy is affected by capital being sucked up by malinvestment and building is no different. Even a booming industry is held back because the best and brightest are being snatched up to work on useless crap because useless crap pays better in this economy.
That being said, the housing is also malinvestment. They cost so much because people can borrow so much money they can't afford to borrow and so solid purchases from good customers are being crowded out by investment from companies or individuals flush with borrowed cash. The money being added drives up prices and the prices being driven up drives further money being added.
https://www.cbc.ca/news/canada/toronto/investors-in-ontario-real-estate-market-1.6258199
The only positive is that with mortgage rates on the rise, prices will crash. Not good for irresponsible borrowers or irresponsible lenders, but good for society because the cost of living we were ignoring because numbers were going up was having massive negative knock on effects financially, economically, and socially.
There's also the issue of malinvestment caused by debt bubbles.
You *could* spend money building houses and make a linear amount of profit, or you could spend money building useless tech tech and potentially make exponential profits. Money tends to go where it'll grow, especially in an environment like the past 20 years where if it isn't continuously growing massively then you're basically losing money. People who would otherwise be risk averse have to be extremely open to high risk because that's the only way to get ahead.
Just look at the crypto market. At its peak, bitcoin alone was worth well over 2 trillion dollars, going towards 3 trillion. That's money that went into this tech tech thing that wasn't going into building new houses, new factories, or anything else productive. A lot of it went into building single purpose ASICs or video cards, and we didn't need more single purpose ASICs or video cards. Same with a lot of the overinflated tech stocks. That money ended up going into companies that just ended up getting bloated and lumbering because the money was going into a thing that went up because it went up causing it to go up.
People think money is just money, but it isn't money is a representation of the productivity of an economy. When money is spent on things that are useless, it means that the productivity is going towards useless things and isn't going towards useful things.
You *could* spend money building houses and make a linear amount of profit, or you could spend money building useless tech tech and potentially make exponential profits. Money tends to go where it'll grow, especially in an environment like the past 20 years where if it isn't continuously growing massively then you're basically losing money. People who would otherwise be risk averse have to be extremely open to high risk because that's the only way to get ahead.
Just look at the crypto market. At its peak, bitcoin alone was worth well over 2 trillion dollars, going towards 3 trillion. That's money that went into this tech tech thing that wasn't going into building new houses, new factories, or anything else productive. A lot of it went into building single purpose ASICs or video cards, and we didn't need more single purpose ASICs or video cards. Same with a lot of the overinflated tech stocks. That money ended up going into companies that just ended up getting bloated and lumbering because the money was going into a thing that went up because it went up causing it to go up.
People think money is just money, but it isn't money is a representation of the productivity of an economy. When money is spent on things that are useless, it means that the productivity is going towards useless things and isn't going towards useful things.
It's a famous saying that no matter how many women you put on the job, it takes 9 months to make a baby.
Similarly, it takes a long term to complete long term testing. It doesn't matter how many people you look at in a short term.
Similarly, it takes a long term to complete long term testing. It doesn't matter how many people you look at in a short term.
I really get a kick out of people saying the fediverse is too hard to use, coming from people who don't even run their own instance.