Immaculate Vibes

Finished just yesterday.

As I said in the crypto thread, this must be fought at all costs. Programmable Fed tokens. They could control where you spend, how much you spend, if you don’t spend x by certain date you lose said Fed tokens, if you have opinions out of line with government your Fed account gets frozen. This wouldn’t happen overnight, but could be done once it’s implemented. All while it’s the ultimate surveillance vehicle even if not manipulated.

I mean, the number is the number, and you know as well as anyone that it’s structured to not really capture the increased cost of living. As for supply chain contributions, a couple times I’ve shared the link from the IMF that attributed 1% of last year’s number to it.

The jump to 3 kids is a big deal. You need a bigger car. As they get bigger and you need bucket seats in the middle row and you’re looking at either minivans or large suvs like Yukons or escalades. I guess the cheapest route would be a used minivan, but new anything is gonna cost you at that size.

Some dual mandate. Exactly. Epic policy blunder. Now we’re running very hot heading into an inflationary geopolitical conflict. We live in “interesting” times.

Fact check: 67 pinocchio’s

Ok you don’t even know what you’re asserting. Got it.

Wait, what are the Trump tax cuts responsible for?

Not a lot in this order. Urging deeper study of crypto. Most noteworthy is pushing Fed to examine CBDC. That must be fought at all costs.

Depends how you adjust your behavior. Can go the other way as well.

Agreed. Constant lying. Nobody in power gets punished for anything. They even get rewarded. You can lead us into war under false pretenses. You can conduct illegal surveillance on citizens and lie about it under oath. You can crash the global economy and you’ll get bailed out and still get paid bonuses. On and on. Government, financial system, media Comments like this make me laugh. I literally save lives in my line of work. Even if you think everything I say is wrong and should be stricken from the site, the idea that there’s people here that take what one person posts so seriously that they make big life decisions based off them is ridiculous.

The biggest problem we are about to face is with energy prices so high a recession is in the cards while the fed is still at 0% interest. What do we/they do when things turn bad? There’s not really an economics thread so I’m not sure where to discuss this, but how is that addressed? There is a dearth of posters here that think much on this level. @washparkhorn @bernorange Do we pass a bill for essentially UBI and Fed monetizes the debt? We have no wiggle room.

Where did you get this idea?

I still feel like if we had a real existential crisis to our country we would unite. We all did for the two weeks to flatten the curve when we saw, in retrospect, fake videos of Chinese people keeling over in subway stations. Once we saw it wasn’t that then politics came into play. Ukraine being attacked is terrible but not an existential threat to us. Like I’ve said it’s not a core strategic interest. I guess people here disagree. China is very quiet. Never interrupt an enemy when he’s making a mistake. Imo the widespread loss of institutional trust can be traced to 3 events. The Iraq war, the Snowden revelations, and the global financial crisis with resulting bailout of the financial sector. It’s going to be really hard to get that back.

Trump enabled Putin attacking Ukraine? He played a part like all of the Presidents over the past 20+ years. I’m not one of these people saying if only Trump was in charge!!! If you mean he enabled or contributed to all the divisiveness, then I would say he was a result of our divisiveness and he made it worse.

I blame Republicans for a lot of our current state. The war on terror and specifically GWB’s invasion of Iraq was a catastrophic error in our history and Republicans love to spend as much as Democrats. I’ve always been pretty clear on that. I’m sure Biden administration is trying to figure out how to control gas prices, but whatever they do will have limited effect. Lower oil prices hurt Putin. Not sure why you’re debating that. He’s far from the only person to acknowledge the cyclical nature of history. Given his line of work, he focuses a lot on the debt/financing side of things which makes sense. I will admit I’m partial to that. I don’t post zero hedge articles.

I won’t link the interview because CR but one Senator on cnn interview just agreed with assessment that we could see $300 oil after next round of sanctions come up. Also said we’ll be in a global energy crisis. I wasnt alive for much of the 70s but we may get to see something similar again here.

Commodities going bonkers. I’m guessing this is to protect some connected short sellers like with $Gme. I’ve read a couple doomy pieces on the ripple effects of this commodity surges through derivative markets. They’re a bit over my head so I’m not sure how legit they were. Something to keep an eye on.

It really does to you? Interesting. The rise and fall of empires since the creation of credit and modern day banking has followed pretty predictable cycles. Ray Dalio has written a good bit about it. Basically after countries have been on top for a while they become complacent and lose their edge in social cohesion, innovation and education amongst over things that helped their rise to the top. Over time it becomes more expensive to maintain their empire and lifestyle so they become heavily indebted and eventually print money when crises hit. This weakens the currency and causes a gradual hollowing out of the economy as capital moves to better returns on investment. Which weaken it more in a cycle. At home as more debt accumulates and the cycle matures, more financial inequality is seen which leads to internal disorder and political extremism on both sides. Productivity gains slow and eventually people begin fighting over a smaller pie. Education and infrastructure are hollowed out. When problems get bad enough internally, they often look externally for conflict. A large part of the debt comes from supporting military adventurism abroad which is seen as necessary to protect the empire. Then as rising competitors see weakness in the declining power they test it through their actions which further weakens the declining power. Tl;Dr We are a decadent society that has overspent, is now printing money, and funding large military adventures while neglecting maintenance of the advantages at home that helped us rise to the top. What does Randy Beamer have to do with this?