[Doomsday Economics] Home of Kirbeh's FREE SLICE ($25 delivery fee)

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(Thread IKs: skooma512)

Palladium: May 8, 2012; Very Good
✔️✔️✔️✔️

Orange Devil posted:

Who is this "us"? Why do you identify with dollar hegemony lol?

white people blowing up other white people gas pipes is a great way to show gain non-white people trust

# ? Apr 10, 2023 12:37

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# ? May 25, 2024 16:58

genericnick: Dec 26, 2012

Giant Metal Robot posted:

Can we privatize all the roads and use the money to buy all the tracks?

We can do one of those, yes

# ? Apr 10, 2023 12:39

War and Pieces: Apr 24, 2022; DID NOT VOTE FOR FETTERMAN

forkboy84 posted:

Well yes, the idea is to convert your youngsters to the value of some measure of central planning so that there are entire generations who love trains and love the state ownership of railways (and ideally the trains themselves but one step at a time, some idiot will be screaming about constitutionality because trains didn't exist in 1776)

they had trains in 1776 they were just on wooden tracks and powered by donkeys. Everyone forgets this stage of the Industrial Revolution. Idk if they were public or private in Colonial America tho.

# ? Apr 10, 2023 13:02

net work error: Feb 26, 2011

https://twitter.com/unusual_whales/status/1645398974562734080?t=-x_zKlIn54jdjunygMsTFw&s=19

# ? Apr 10, 2023 13:27

Pittsburgh Fentanyl Cloud: Apr 7, 2003

War and Pieces posted:

they had trains in 1776 they were just on wooden tracks and powered by donkeys. Everyone forgets this stage of the Industrial Revolution. Idk if they were public or private in Colonial America tho.

Also the canal system. The barges were donkey-drawn and the New York system, at least, was funded by public money.

https://en.wikipedia.org/wiki/Erie_Canal#History

# ? Apr 10, 2023 13:51

War and Pieces: Apr 24, 2022; DID NOT VOTE FOR FETTERMAN

even back then trains (donkey pulling a barge) were more efficient than cars (horse drawn carriage)

# ? Apr 10, 2023 13:56

Nocturtle: Mar 17, 2007

net work error posted:

https://twitter.com/unusual_whales/status/1645398974562734080?t=-x_zKlIn54jdjunygMsTFw&s=19

Matt Levine touched on a potential factor causing this in a recent newsletter on the subject of "narrow banking":

quote:

...
A money market fund that parks its cash at the Fed�s reverse repo facility is more or less a narrow bank: It takes money from investors, it promises to return it on demand, it parks the cash at the Fed, it has the right to withdraw it from the Fed on demand, it gets paid interest by the Fed, it passes most of that interest on to its investors and keeps a bit to pay its expenses. Like a narrow bank, it has few of the expenses of traditional banking (no loan officers, no branches, no capital requirements [14] ), so it can pass along a lot of the interest to investors. Like a narrow bank, it can offer investors a better interest rate than most banks. Like a narrow bank, it takes no credit risk or interest-rate risk, and it can tell investors �your money is much safer here than at a regular bank, since we just park 100% of it at the Fed.�

In an environment of rising interest rates � where banks have raised rates much more slowly than the Fed � that is attractive to depositors who want to earn a return. In an environment of banking worries � where banks have failed and uninsured deposits have, briefly, seemed to be at risk � that is very attractive to depositors who want their money to be safe. And so money is leaving banks to go to money market funds that park it at the Fed.

And the Fed�s worries were right! The Fed said no to TNB in 2019 because it worried that it would undermine traditional bank lending and that it would destabilize banks in times of trouble. [15] And now US regional banks seem to be destabilized, because people are worried about their safety and have an attractive safe alternative. And those banks are lending less. The Wall Street Journal reports:

>Banks need deposits to make loans; if deposits fall, lending is almost sure to follow. What�s more, the recent turmoil could spur banks to start paying depositors higher interest rates, crimping earnings >and further cutting into their lending capacities. And the speed of the recent deposit runs�customers withdrew $42 billion from SVB in a day; Signature lost $18 billion�has bankers stockpiling cash.
>
>The likely result, analysts and central bankers said, is a credit crunch.
>
>�If we lose that deposit base to the money-center banks, we can�t grow and lend out future dollars,� said Brian Johnson, chief executive of North Dakota�s Choice Bank. �Communities can�t grow, and >businesses can�t profit.�
>
>Mr. Johnson said that Choice�s bankers and products hold their own against those of the megabanks, but that the lender will never have the too-big-to-fail status that promises to shield depositors from >losses. �How can I compete for new business with that big enchilada out there?� he said.

And the biggest enchilada is the Fed, which didn�t want to compete with the banks for deposits, but which ended up doing it anyway.

And apparently money market funds have been seeing huge growth over the past few year, slowly at first due to rising rates and then more quickly recently as bank stability became an issue:

quote:

Bloomberg
Money-Market Fund Assets at Record $5.2 Trillion as Rates Beckon
Balances have risen by more than $300 billion through March 29
Government money-funds saw assets rise to $4.33 trillion
ByAlex Harris
March 30, 2023 at 3:49 PM EDT

The amount of money parked at money-market funds climbed to a fresh record in the past week as banking concerns continued to rock global markets and attractive rates lure investors.

Money-market funds have been scooping up cash recently, fueled in large part by depositors pulling their money away from US banks. Initially much of that flow was driven by more attractive rates, but concern about the steadiness of some smaller lenders helped turbocharge that this month.
...

All that money and no-where to go.

# ? Apr 10, 2023 14:06

ArmedZombie: Jun 6, 2004

Nocturtle posted:

Matt Levine touched on a potential factor causing this in a recent newsletter on the subject of "narrow banking":

And apparently money market funds have been seeing huge growth over the past few year, slowly at first due to rising rates and then more quickly recently as bank stability became an issue:

All that money and no-where to go.

hmm its almost like retail banking should be considered a public good :thunkher:

# ? Apr 10, 2023 14:39

Twerk from Home: Jan 17, 2009; This avatar brought to you by the 'save our dead gay forums' foundation.

ArmZ posted:

hmm its almost like retail banking should be considered a public good

God I would love postal banking. Why can't we have good things?

# ? Apr 10, 2023 14:41

Pittsburgh Fentanyl Cloud: Apr 7, 2003

hmm, an email from the gas company, wonder what it says

I guess billing is a black art that no one can quite figure out

# ? Apr 10, 2023 14:55

Mr Hootington: Jul 24, 2008; I'M HAVING A HOOT EATING CORNETTE THE LONG WAY

The jobs market is hot!
https://twitter.com/federalreserve/status/1645426963534716930?t=KO0f-2H96zfpM_Tg8Xiksg&s=19

Cooler numbers
https://twitter.com/FirstSquawk/status/1645426644394319875?t=55BZh5Glylgv_KEGQMJ6Bw&s=19

# ? Apr 10, 2023 15:05

Archduke Frantz Fanon: Sep 7, 2004

join the council hoot

# ? Apr 10, 2023 15:31

gradenko_2000: Oct 5, 2010; HELL SERPENT; Lipstick Apathy

https://twitter.com/williamlegate/status/1645419271692984321

# ? Apr 10, 2023 16:40

HAIL eSATA-n: Apr 7, 2007

gradenko_2000 posted:

https://twitter.com/williamlegate/status/1645419271692984321

you won't care

# ? Apr 10, 2023 16:49

JAY ZERO SUM GAME: Oct 18, 2005; Walter.
I know you know how to do this.
Get up.

gradenko_2000 posted:

https://twitter.com/williamlegate/status/1645419271692984321

interesting

# ? Apr 10, 2023 16:50

PostNouveau: Sep 3, 2011; VY till I die; Grimey Drawer

gradenko_2000 posted:

https://twitter.com/williamlegate/status/1645419271692984321

Looking into this

*watches video of some dude beating off in the backseat of his Tesla*

# ? Apr 10, 2023 16:51

Al!: Apr 2, 2010

this is literally the first im hearing that teslas also are always spying on you and sending that footage to a call center raw but thats loving hilarious

# ? Apr 10, 2023 16:56

Pittsburgh Fentanyl Cloud: Apr 7, 2003

Al! posted:

this is literally the first im hearing that teslas also are always spying on you and sending that footage to a call center raw but thats loving hilarious

Tesla's old excuse was "the cameras are just used for computer vision and aren't high enough resolution to take human-viewable videos!"

# ? Apr 10, 2023 16:58

Pittsburgh Fentanyl Cloud: Apr 7, 2003

"We need to ban ticktok so the pernicious chinaman can't get my personal info," I whisper to myself as my car watches me jerk off

# ? Apr 10, 2023 16:58

sullat: Jan 9, 2012

And everyone complained that Musk was bad to his employees, but look at the job benefits.

# ? Apr 10, 2023 17:41

JAY ZERO SUM GAME: Oct 18, 2005; Walter.
I know you know how to do this.
Get up.

number is quietly meditating

# ? Apr 10, 2023 17:41

HAIL eSATA-n: Apr 7, 2007

sullat posted:

And everyone complained that Musk was bad to his employees, but look at the job benefits.

hoarse for horses

# ? Apr 10, 2023 17:44

Xaris: Jul 25, 2006; Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

free homegroan grody technbro porn. hell, people should be paying elon to work for him for those bennies

# ? Apr 10, 2023 17:45

Paradoxish: Dec 19, 2003; Will you stop going crazy in there?

every single company the media has spent the last two decades hyping is just scam trash all the way down and it's loving hilarious

# ? Apr 10, 2023 17:47

Xaris: Jul 25, 2006; Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

Paradoxish posted:

every single company the media has spent the last two decades hyping is just scam trash all the way down and it's loving hilarious

america ftw

# ? Apr 10, 2023 17:47

Orange Devil: Oct 1, 2010; Wullie's reign cannae smother the flames o' equality!

Scam corps in a scam empire running on a scam ideology.

The weapons are scams too but unfortunately will still kill you dead.

# ? Apr 10, 2023 17:50

net work error: Feb 26, 2011

JAY ZERO SUM GAME posted:

number is quietly meditating

Been steady for a while. Very odd, looking into it.

# ? Apr 10, 2023 18:01

Justin Tyme: Feb 22, 2011

gradenko_2000 posted:

https://twitter.com/williamlegate/status/1645419271692984321

I'd imagine this is going to get tesla into 2000 degree hot water in european courts

# ? Apr 10, 2023 18:14

ArmedZombie: Jun 6, 2004

Paradoxish posted:

every single company the media has spent the last two decades hyping is just scam trash all the way down and it's loving hilarious

Xaris posted:

accelerationism ftw

# ? Apr 10, 2023 18:40

Nonsense: Jan 26, 2007

Never bet against the United States of America

# ? Apr 10, 2023 18:41

Mr Hootington: Jul 24, 2008; I'M HAVING A HOOT EATING CORNETTE THE LONG WAY

gradenko_2000 posted:

https://twitter.com/williamlegate/status/1645419271692984321

https://www.thesun.co.uk/tech/96685...Fwww.google.com

# ? Apr 10, 2023 18:47

BULBASAUR: Apr 6, 2009; Soiled Meat

Pittsburgh Fentanyl Cloud posted:

Also the canal system. The barges were donkey-drawn and the New York system, at least, was funded by public money.

https://en.wikipedia.org/wiki/Erie_Canal#History

Donkeys? lol in Russia we just used serfs

# ? Apr 10, 2023 18:52

Delta-Wye: Sep 29, 2005

musk is cleverly leaking stories of teslas spying on people to make sure the government subsidizes his domestic spy company

# ? Apr 10, 2023 18:55

Xaris: Jul 25, 2006; Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

just remembered all those Tesla videos where you can�t open the door handle when it freezes so people were pissing on their car. that means elon has thousands of videos of penises pissing on Teslas

# ? Apr 10, 2023 18:57

Sokani: Jul 20, 2006; Bison

gradenko_2000 posted:

https://twitter.com/williamlegate/status/1645419271692984321

Does this mean there's evidence of who sleeps while auto-pilot drives?

# ? Apr 10, 2023 19:05

Xaris: Jul 25, 2006; Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

Sokani posted:

Does this mean there's evidence of who sleeps while auto-pilot drives?

they probably have evidence of that but these are technically external cameras, ie point your Tesla at your bedroom window and have Tesla record your wife having sex with the e neighbor

# ? Apr 10, 2023 19:07

BornAPoorBlkChild: Sep 24, 2012

https://twitter.com/Schmetail/status/1645477755218165769?t=Q6W3y13WrYaF4J7TaZKayQ&s=19

# ? Apr 10, 2023 19:16

Not a Children: Oct 9, 2012; Don't need a holster if you never stop shooting.

While VR shopping sucks poo poo I guess VR advertising is probably a force multiplier

# ? Apr 10, 2023 19:20

Xaris: Jul 25, 2006; Lucky there's a family guy
Lucky there's a man who positively can do
All the things that make us
Laugh and cry

generation omega ftw

# ? Apr 10, 2023 19:21

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# ? May 25, 2024 16:58

anime was right: Jun 27, 2008; death is certain
keep yr cool

the chad generation alpha vs the virgin gen z

# ? Apr 10, 2023 19:22

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