FBXL Social

not that anyone should be flying in the US right now but


https://www.threads.com/@thetnholler/post/DKClQTGNr89

In this case, cheap. Boomers own two things: A house (bubble), and a bunch of stocks (which right now is dominated by tech bubble shit e.g. NVDA).

The establishment will (IMO) deflate both of these bubbles to wipe out boomer savings because stealing everything from everyone is how the system operates.

Oh, I was thinking about it from the perspective of preventing inflation, not using it to erase the savings of the elder class.

The other day I wrote something about what I expect the US to do:
1. Destroy the stock market
2. Destroy the housing market
3. Begin means-testing Medicare (nice house you got there, you don't need public support that much)
4. Bunch of other stuff re screwing China etc

Personally I won't touch the stock market, it's all shit.

Even if you just put a dollar into the S&P 500, that's weighted so half of it goes to tech, financials, and healthcare.

Tech is full of imaginary valuation and cooked books.

Financial is all underwater right now because no one wants 0.3% interest when they can get 5% on treasury notes.

Healthcare has actual cashflow, but keep your eyes fixed on this COVID vaccine stuff, because there's a real good chance these companies are gonna end up like Asbestos companies at the end of the 90s.

To combat inflation, government is forced to reduce money in circulation. They can either raise taxes on an already small and weak workforce, making them actually LESS productive (Laffer Curve), or they can reduce spending on the elderly. They arrive on Canadian Healthcare 10 times out of 10.

Insurers are never supposed to make a fuckton of money, their income should be matching their payouts, modulo a little bit of buffer space.

That said, I think ANY group should be allowed to insure it's members. Say you and I are neighbors and we want to join in an insurance club, we should be allowed to set aside a few thousand € each in a fund, and then buy reinsurance to cover everything above what that fund can cover.

I saw several small packs of runners on the road today, roads with no shoulders to speak of, with perfectly good sidewalks on both sides of the road

spiritual cyclist bullshit

@Hoss To be fair, the engineers are just as retarded thinking that adding more lanes until the end of time won’t just create induced demand, clogging up the highway even worse than it was before. Or failing to see how funneling every car in the city onto a handful of arterials from all the local and connector streets will inevitably overwhelm their capacity, no different from a river flooding when inundated with a host of seemingly inconsequential streams and rivlets after heavy rain.