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Everything is Shit: Tracking the Great Enshittening


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33 minutes ago, immamac said:

American GDP in general is a scam. I wonder if all credit derived payments were removed from GDP how actually fucked it would be. 

Like where is all the actual cash that is in the money supply vs all the debt that is treated as cash. I think most revenue is all based on literally made up money. 

All money is made up.

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Counterpoint: John Mulaney has never had a real fucking job, was raised by parents who are some of the best lawyers in Chicago, educated at the best schools (one literally at the end of the block from me, St Clements, 0.2 miles),  and his parents payed for/allowed his lifestyle.

Half of people in credit card "debt" pay it off in less than a month.

Pull your hair out.

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24 minutes ago, kevwun said:

I just got woken up by a blue alert on my phone for a dude in hall county which is in the fucking panhandle.  I am in Port A.  Thanks alot assholes.

Same but in Houston, thought something actually serious was happening like a refinery disaster or Putin/Kim/Xi letting nukes fly but no… was some dumbass “blue alert”…like the cops state wide would give a shit and all sign up to get woken up at 4am if I got shot…

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On 10/2/2024 at 8:42 AM, immamac said:

Yeah, I was just elaborating for those who want to know what YCombinator is all about. 

I spent 25 years in the venture capital/startup world. When I first started, it was a brilliant concept that launched powerful fantastic companies that changed the world in a positive way. 

It then quickly became essentially a Ponzi scheme to get rich by dumping crap companies on all of us. One of many ways to do that was by taking advantage of index investing, which buys companies regardless of their quality.  VC’s and founders know full well they are pitching fraud, but don’t care. Investor beware. WeWork was a great example, and now VC’s have funded that grifter yet again. Capitalism is partially broken right now. 

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48 minutes ago, kevwun said:

I just got woken up by a blue alert on my phone for a dude in hall county which is in the fucking panhandle.  I am in Port A.  Thanks alot assholes.

 

22 minutes ago, Evil Bill Obrien said:

Same but in Houston, thought something actually serious was happening like a refinery disaster or Putin/Kim/Xi letting nukes fly but no… was some dumbass “blue alert”…like the cops state wide would give a shit and all sign up to get woken up at 4am if I got shot…

You don't turn all of that shit off as soon as you get a new phone?  That's on you.

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3 minutes ago, WBT said:

 

You don't turn all of that shit off as soon as you get a new phone?  That's on you.

I mean I wouldn’t mind getting actual useful alerts for actual emergencies happening near where my phone is located so no I don’t turn them off… but stupid ass “blue alerts” might be the thing that gets me to do it 

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On 10/2/2024 at 12:03 AM, huge said:

I don’t use Reddit properly.

All they do is email me their advice column section.

I don’t care that your sister called you a whore on your wedding day!

Also no one cares about incubators outside of techbros and dilettantes.

Reddit.com/r/NSFW

Reddit.com/r/gonewild

On 10/3/2024 at 1:32 PM, immamac said:

American GDP in general is a scam. I wonder if all credit derived payments were removed from GDP how actually fucked it would be. 

Like where is all the actual cash that is in the money supply vs all the debt that is treated as cash. I think most revenue is all based on literally made up money. 

The thing about a fractional reserve system is that most money is just entries in a ledger. 

 

Also most large firms have to use accrual basis accounting.

 

My well-regarded business law professor said accounting was lying by another name.

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On 10/3/2024 at 2:06 PM, gmr548 said:

All money is made up.

What?  We’re only 36 trillion in debt!  We lead that race by a huge margin compared to any other country and the EU.  The dollar is a total house of cards that would collapse in a second except for the fact that so many other countries count on its trade.  So we just keep printing more Monopoly money when we need more. 

Edited by Hook1997
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21 minutes ago, Hook1997 said:

What?  We’re only 36 trillion in debt!  The dollar is a total house of cards that would collapse in a second except so many other countries count on its trade.  So we just keep printing more Monopoly money when we need more.  

The debt matters to the extent it drives deficits but otherwise it's just a number. 

Deficit to GDP are more interesting ratios because they're both vectors (debt is a scalar, it would be like comparing miles to mph). Debt to wealth would be an interesting ratio.

The other factor is that the world financial system is basic built on t-bills and when they tried to find something else to use it ended up pretty badly.

 

 

 

One day the Ricardians may be correct but they've had 200+ years of being wrong at this point.

 

 

Ultimately all money has to be made up. Gold is a useful industrial commodity and it goes well with Persian skin tones but its value as money is only far beyond those things because a bunch of people agree that's how it should be. Greenbacks are no different. And, unlike gold, greenbacks are backed by the full faith and credit of the US government which only morons try to fuck around with. Along with the biggest and best performing large economy in the world, the second largest nuclear arsenal (and who knows how many Russian bombs actually work) 11 actual aircraft carriers, 10 more ships that pretty much every other country on earth would count as aircraft carriers a fuck ton of nukes, and a seemingly insatiable appetite for consumer goods. 

Edited by elfenix
No idea why my phone assumes I'm using its as a contraction when I usually use it as a possessive
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Zeihan says that throughout History the nation with the most powerful navy had the universal currency.  Rome, Spain, America.  The Navy keeps the shipping lanes open and trade just leans to their currency.  Until some upstart usurps us, the rest of the World hasta use the Greenback.  Whether they any to or not.

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3 minutes ago, Parliament said:

Zeihan says that throughout History the nation with the most powerful navy had the universal currency.  Rome, Spain, America.  The Navy keeps the shipping lanes open and trade just leans to their currency.  Until some upstart usurps us, the rest of the World hasta use the Greenback.  Whether they any to or not.

You left out England between Spain and us.

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  • 2 weeks later...

This is the thread where I am going to keep bitching about FedEx.  I have had to return 2 laptops to Panasonic in the last couple of weeks for repair.  I had pre-printed overnight labels from them.  The first laptop I had to schedule the pickup 3 times with FedEx.  The first pickup got setup for an address that was 75 miles away somehow  The 2nd one took 2 calls and when they finally showed up they had a completely different name attached to the pickup.  They have to try to be this terrible.  I am assuming the only reason they are still being used for shipping is because UPS and the Post Office can't handle the extra volume.

Edited by kevwun
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Have had so many terrible experiences with FedEx over the past few years that I really consider myself lucky when stuff shows up even remotely on time and on same block as where I live when delivered by Fedex... highly consider not ordering from places who use them to deliver goods but sometimes don't get or have a choice... 

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4 hours ago, Evil Bill Obrien said:

Have had so many terrible experiences with FedEx over the past few years that I really consider myself lucky when stuff shows up even remotely on time and on same block as where I live when delivered by Fedex... highly consider not ordering from places who use them to deliver goods but sometimes don't get or have a choice... 

 

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5 hours ago, Evil Bill Obrien said:

Have had so many terrible experiences with FedEx over the past few years that I really consider myself lucky when stuff shows up even remotely on time and on same block as where I live when delivered by Fedex... highly consider not ordering from places who use them to deliver goods but sometimes don't get or have a choice... 

About 6 months ago, I had a package show up on my porch, delivered by Fedex. It had "Medical Device" printed on the box and was addressed to the former owner of the house. We have lived here for 11 years, so I don't know how the device company fucked that up. Anyway, called Fedex and asked them to come get this thing and they said to schedule a pickup online, so I did. Left the package on my porch for them to pick up. 6 months later, I still have this thing. Hope the old lady is still alive.

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5 hours ago, Evil Bill Obrien said:

Have had so many terrible experiences with FedEx over the past few years that I really consider myself lucky when stuff shows up even remotely on time and on same block as where I live when delivered by Fedex... highly consider not ordering from places who use them to deliver goods but sometimes don't get or have a choice... 

Got to know the guy the next street over since we frequently get each other's deliveries.

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53 minutes ago, Sandman said:

About 6 months ago, I had a package show up on my porch, delivered by Fedex. It had "Medical Device" printed on the box and was addressed to the former owner of the house. We have lived here for 11 years, so I don't know how the device company fucked that up. Anyway, called Fedex and asked them to come get this thing and they said to schedule a pickup online, so I did. Left the package on my porch for them to pick up. 6 months later, I still have this thing. Hope the old lady is still alive.

You mistyped "Personal Massager."

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1 hour ago, Sandman said:

About 6 months ago, I had a package show up on my porch, delivered by Fedex. It had "Medical Device" printed on the box and was addressed to the former owner of the house. We have lived here for 11 years, so I don't know how the device company fucked that up. Anyway, called Fedex and asked them to come get this thing and they said to schedule a pickup online, so I did. Left the package on my porch for them to pick up. 6 months later, I still have this thing. Hope the old lady is still alive.

"Medical Device."   "Former owner."  It's okay to admit the truth.  This is a safe space.

HbYa80.gif

 

EDIT: Damnit, Brisket beat me to the joke. Should have read the rest of the page before commenting.

Edited by Samson's Wig
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I got a call today from the fish processor we used in Sitka back in August.  They filed a claim with FedEx and are mailing me $500 and change check.  They got back all of the overnight costs from FedEx and some money for the salmon since they had insured them.  Suck it FedEx.

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