(Thread IKs:
skooma512)
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Paradoxish posted:Every single time they double down on the "all deposits insured forever" line I start to think that maybe things are really bad this time. same energy as an out of control bus and the driver just keeps shouting don’t worry, the brakes still work!
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Mar 21, 2023 15:37
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| # ? May 26, 2024 20:51 |
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Pittsburgh Fentanyl Cloud posted:https://www.youtube.com/watch?v=wlDMQf3GB2k Feature, not a bug. And you forgot cyclists.
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Mar 21, 2023 15:38
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Jel Shaker posted:same energy as an out of control bus and the driver just keeps shouting don’t worry, the brakes still work! well as a fraud, as long as the mark stays calm, the fraud goes on, so actually, it’s like wile e coyote.
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Mar 21, 2023 15:51
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Paradoxish posted:Every single time they double down on the "all deposits insured forever" line I start to think that maybe things are really bad this time. I have this faint and likely inaccurate memory that when Jay Powell and crew set the printers to full blast back during March 2020, they effectively and thoroughly depleted their toolkit for addressing future crises. And now, here we are, in a world where the Fed reaffirming their position (first in March 2020, now in March 2023) will always backstop the wealthy and remove all risk from their investments, turning moral hazard into moral imperative. Seems fine.
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Mar 21, 2023 15:52
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GMI but for financial institutions
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Mar 21, 2023 15:58
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Hubbert posted:I have this faint and likely inaccurate memory that when Jay Powell and crew set the printers to full blast back during March 2020, they effectively and thoroughly depleted their toolkit for addressing future crises. I don't understand it ideologically, because what they're doing is destabilizing to the system itself. They're weakening the ability of capitalism to sustain itself with each one of these decisions, where you'd think the institutional prerogative would be to do everything to preserve it.
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Mar 21, 2023 15:59
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Palladium posted:does it still come with seat heating DRM It's a BMW, yes
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Mar 21, 2023 15:59
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Frosted Flake posted:I don't understand it ideologically, because what they're doing is destabilizing to the system itself. They're weakening the ability of capitalism to sustain itself with each one of these decisions, 
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Mar 21, 2023 15:59
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Frosted Flake posted:I don't understand it ideologically, because what they're doing is destabilizing to the system itself. They're weakening the ability of capitalism to sustain itself with each one of these decisions, where you'd think the institutional prerogative would be to do everything to preserve it. always has been
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Mar 21, 2023 16:00
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Frosted Flake posted:I don't understand it ideologically, because what they're doing is destabilizing to the system itself. They're weakening the ability of capitalism to sustain itself with each one of these decisions, where you'd think the institutional prerogative would be to do everything to preserve it. all decisions must be made for the next quarter
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Mar 21, 2023 16:01
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Pittsburgh Fentanyl Cloud posted:https://www.youtube.com/watch?v=wlDMQf3GB2k eh, no the selling point is how environmentally friendly it is. do you not see the cute wittle ol crab? 
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Mar 21, 2023 16:01
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A system based on infinite growth of fake money was never stable
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Mar 21, 2023 16:02
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SorePotato posted:A system based on infinite growth of fake money was never stable Hmmm probably shouldn't have cut off and strangled every possible alternative then.
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Mar 21, 2023 16:03
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webcams for christ posted:overproduced, but helpful visualization Numbers will go up. Good news for number havers.
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Mar 21, 2023 16:04
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is pepsi ok posted:Hmmm probably shouldn't have cut off and strangled every possible alternative then. Yeah but the other side of the coin is infinite extraction of resources both natural and human, so,
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Mar 21, 2023 16:04
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learned last night Yellen's first stint at the fed was in the years leading to the Volcker shock
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Mar 21, 2023 16:10
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Material conditions shape ideology and ideology can shape material conditions. So, unipolar American hegemony created the monster known as "neoliberalism" to justify itself. America gets to be in charge because it is a powerful moral player and there's nothing you or anyone else can do about it. They can print all the money because there are no rival systems. They can invade anywhere at any time because nobody is going to stop it. And that's a good thing because America has never done anything bad and everything bad it's ever done are just whoopsies that aren't worth considering. They don't count. This includes all the wars and economic bust cycles that keep seeming to pop up despite the fact that America isn't supposed to be competing with anyone. That's neoliberalism in a nutshell.  So now you've trained your ruling class to believe there are no consequences for anything. Print money, lose wars, nothing matters. Victory forever. And now they're acting exactly like nothing matters. That there's no way to break the system because it is indestructible. Insure all the banks and their trillions of dollars that don't exist. So what if the banks realize they can't lose? America can't lose, remember!? There's nobody else to turn to! Meanwhile, China Cpt_Obvious has issued a correction as of 16:18 on Mar 21, 2023 |
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Mar 21, 2023 16:11
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Frosted Flake posted:I don't understand it ideologically, because what they're doing is destabilizing to the system itself. They're weakening the ability of capitalism to sustain itself with each one of these decisions, where you'd think the institutional prerogative would be to do everything to preserve it. Idiots in the 70s got into charge who didn't actually understand how the system they gained control worked. Each subsequent group just looted.
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Mar 21, 2023 16:11
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Frosted Flake posted:I don't understand it ideologically, because what they're doing is destabilizing to the system itself. They're weakening the ability of capitalism to sustain itself with each one of these decisions, where you'd think the institutional prerogative would be to do everything to preserve it. the dialectic cannot be stopped
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Mar 21, 2023 16:14
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webcams for christ posted:overproduced, but helpful visualization This sort of instability is the type of poo poo you see in "emerging markets"
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Mar 21, 2023 16:15
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american economic policy for the wealthy is literally just "i break it you buy it"
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Mar 21, 2023 16:17
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Frosted Flake posted:It wasn't the $1400 cheques, obviously, but covid was the moment where these people all having unchallenged delusions for three decades hit a wall. and they think that they can will it back to the way it was before covid.
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Mar 21, 2023 16:22
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forkboy84 posted:Cool and SUV shouldn't go together Maserati/Porsche/Lamborghini all have SUV models. but to be clear here you are 100% correct.
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Mar 21, 2023 16:24
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Antonymous posted:its not related but Kucinich's wife is over 6 feet tall and well, look at them together lol his evil gremlin counterpart: 
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Mar 21, 2023 16:29
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anime was right posted:all decisions must be made for the next quarter And also with an eye on the next election. Can't repeat what happened almost 50 years ago! So trumps guys did mass money printing all through his term even before COVID, then bidens guys have to continue it. I'm half convinced the reason the 08 crash was allowed to happen when it did was because everyone was sick of W and he was done with his term anyways
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Mar 21, 2023 16:35
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Cpt_Obvious posted:Punk rear end breakers. I want the real poo poo: market wide, back to back, full index breakers.
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Mar 21, 2023 16:36
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Frosted Flake posted:I don't understand it ideologically, because what they're doing is destabilizing to the system itself. They're weakening the ability of capitalism to sustain itself with each one of these decisions, where you'd think the institutional prerogative would be to do everything to preserve it. capitalism: famously concerned with long term stability and sustainability
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Mar 21, 2023 16:38
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coelomate posted:Yeah, I think so. It's possible people's 5-10x leveraged housing bets that boomed in a speculative bubble contributed more to their "excess savings" than a $1,400 check hmmm nope, people used extended SNAP benefits to sell corn on the side of the road and now they are all rich, next.
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Mar 21, 2023 16:43
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https://mobile.twitter.com/villi/status/1638047162440507395 how do you raise 50 million dollars ( and raise money three times before that) without having an idea of what you are even selling? Silicon Valley is full of idiots.
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Mar 21, 2023 16:44
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Mr Hootington posted:This sort of instability is the type of poo poo you see in "emerging markets" every time I have to do forecasting, I do it according to water cooler talk too.
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Mar 21, 2023 16:45
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forkboy84 posted:Class War, but you make it about race We've been doing this in the US for a while and it's actually not great!!
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Mar 21, 2023 16:48
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PawParole posted:https://mobile.twitter.com/villi/status/1638047162440507395 Silicon valley is so fuckin bizarre, you just gotta be the right persons kid and you too can raise millions of dollars without even an idea of a product or who you will sell the product to
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Mar 21, 2023 16:51
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lol that owns
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Mar 21, 2023 16:54
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Someone shot a cop here while the cop was "assisting" on an eviction. Cop lived, shooter didn't. ACAB. ALAB
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Mar 21, 2023 16:54
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PawParole posted:https://mobile.twitter.com/villi/status/1638047162440507395 https://www.youtube.com/watch?v=LDQcgkDn0yU
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Mar 21, 2023 16:56
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Doesn't their own ideology also say that rich people lose money, sometimes, and that's okay?  It's just baffling to me. I mostly post about this in the Ukraine and WW3 threads, but I've seen this in hundreds of emails over the past year as everybody wants more cannon and ammunition, only to realize they gave a monopoly to BAE, which massively cut the workforce and production facilities in favour of stock buybacks. They can't conduct the most basic function of a state, waging war, because they privatized the capability. The private arms industry, logically I suppose, sees profit maximization and share price as more important than the manufacture of arms. I mean, if you think about it, based on the laws of supply and demand, given the resources required as inputs, tooling, time, workforce, manufacturing artillery pieces would be unprofitable, which is of course why it was done by the state from the 1500s on. Given that the businesses aren't directly controlled or otherwise supervised by the state, and as they're not under state ownership they must please stockholders. How they do that also has a tinge of the inevitable, they direct their energy to more profitable things, and maximize the profit by raising the cost of guns, which of course impedes the state's ability to arm itself. Most of these state arms industries were privatized at a loss too. Clearly, whoever made these decisions, I'm thinking of Thatcher in particular, had some deluded ideological rationale, industry thought they could extract rent from it, it was a profitable transfer of public goods into private hands. The problem seems to be that nobody actually thought about fighting a war with it, and so, now they're hosed and will continue to be hosed, because the more money they throw at the arms industry this year, the more goes to pretty much everything but (unprofitably) producing arms. I guess their only solution is throwing money at them, because they won't intervene, directly supervise or whatever, so... lots of public money spent more or less on stock buybacks, no capacity actually increased. I would only slightly be exaggerating by saying it was more efficient when the king demanded bell foundries cast X cannon a year and the work was all done in pre-industrial workshops. To crib from Voltaire, these days the MIC is neither military nor industrial. Which really raises some questions about those cyberpunk dystopias where mega corporations fight wars.
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Mar 21, 2023 17:08
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Frosted Flake posted:Doesn't their own ideology also say that rich people lose money, sometimes, and that's okay? the modern capitalist state is not an intelligently managed system, it is a gradient descent algorithm hth
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Mar 21, 2023 17:18
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banks are not businesses in the sense of that graph.
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Mar 21, 2023 17:20
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webcams for christ posted:overproduced, but helpful visualization itanium_server_sales.mp4
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Mar 21, 2023 17:22
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Egg Moron posted:The banking system cannot collapse, it can only be collapsed Someone should collapse it
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Mar 21, 2023 17:24
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