• 6 Posts
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Joined 11 months ago
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Cake day: August 8th, 2023

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  • Fair point, I can only speak directly about my local experience.

    That’s true but we, that includes me, can look around and see what’s happening beyond our State and National borders to see if a theory fits.

    Realistically, the standard of living has been falling for a while.

    IMO that’s the crux of the problem right there. The Standard of Living has been falling everywhere and it’s been falling faster as “Globalization” took hold. The real issue though isn’t trade between countries that have roughly similar economic systems and lifestyles, it’s the one sided importation of goods between countries that do not have roughly similar economic systems and lifestyles.

    The problem with Globalization is that it tears the floor out from underneath the vulnerable. The under-educated and the poor struggle to make a living because their jobs have been shipped away to another country where someone can live for less and thus work for less. It’s a race to the bottom.

    Those vulnerable people, and even the once privileged who’ve watched their livelihoods ripped away, are increasingly desperate to find a way out of their situation and so they’re increasingly turning to the only people who seem to care. To paraphrase a bit “It’s the (real) economy, stupid!”

    This isn’t my idea either as this outcome was widely predicted by Union Bosses and Business Leaders during the Clinton Administrations runup to NAFTA and MFN Trading Status for China.

    If they were correct, and it appears they were, then the only way to stop the madness is to re-onshore the jobs as much as possible with a special focus on geographic areas that have the highest imbalance. The U.S. started doing it under the Trump Administration and the Biden Administration has accelerated the trend. If everyone will just hang tight for another 12-18 months the effects will start to get really noticeable and the Right Wing rise will ebb away.






  • Unfortunately and sadly doesn’t surprise me anymore.

    It shouldn’t surprise you at all. Any notion of “Free Speech” on Internet Platforms was shot in the head during the Trump Presidency and then the corpse was burned at the stake during the Pandemic. There were vast quantities of myopic morons making the arguments “These are private companies, they can do what they want!” along with “You have no right to speech on someone else’s platform!” simply because they approved of what was being done.

    Now the arguments being used by 2017-2022 MAGAtards are being shouted by 2023-2024 Liberals / Progressives.

    It’s pretty obvious that social media as a whole is just a corrupt mess.

    It’s pretty obvious that people are perfectly happy with restrictions on the other person but never themselves.

    People forget that the restrictions they hammer the other person with today are going to be used against them tomorrow. Plan accordingly.


  • and don’t understand why we’re plowing ahead with two candidates no one really wants as president.

    That’s easy to understand; it’s because the two primary political parties run the show from bottom to top and they both managed to make serious political miscalculations at the same time.

    Democrats screwed up by repressing all their younger members for the past 15-20 years in favor of their established power brokers; now their cupboard is bare right when they need it most. The Republicans miscalculated by assembling behind Trump in the first place and then they did it again by re-assembling behind Trump.

    If this country’s politics weren’t being totally controlled by Ds and Rs now is when a 3rd Party Candidate (Libertarian, Green, etc) could gain some serious traction.



  • They’re not giving him immunity for everything he did as president, they just aren’t interested in being the authority that decides what is or isn’t an “official act”. They are letting lower courts decide that.

    That’s pretty much what they did but that’s not how it’s being presented by the media so you’ve got 30,000,000 people all riled up and ready to riot. I would have preferred if SCOTUS found a way to definitively settle this without the Remands but I understand why they did it.

    The lower court will take about an hour to decide that this stuff was “unofficial” and write the legal narrative supporting that. Hell I’d be shocked if it wasn’t already done. This isn’t even close to over.




  • Banks lend money based on your assets. And when you have very large asset holdings, those loans can have very favorable terms.

    Yes and there’s two problems with this scheme; one is large and the other could be an apocalypse.

    The first problem, the large one, is that the wealthy aren’t paying taxes on the money they receive from those loans. This starves the Government of the funding that it needs which causes endlessly escalating deficit spending as the rest of the population cannot provide enough tax revenue to cover everything the Government needs to do.

    The apocalyptic problem is that their scheme only works when those assets appreciate in value. If they decline in value, or even just hold steady, it collapses. Right now the wealthy take out another loan, either on a different asset or on the same assets appreciated value, in order to repay the original loan. However if assets decline in value, or even hold steady, they’re unable to keep “flipping” loans like this and they’ll need to come up with the cash to actually repay them. Which means that they’ll have to actually sell some of their assets, as this spreads to more and more of the wealthy the marketplace will enter a value reduction spiral (too many sellers and not enough buyers) and as that happens the Lenders, the banks, will be left holding assets that have increasingly less value. This will quickly lead to an unstoppable chain of Bank failures.

    We’re arguably already in the spiral with Commercial Real Estate values continuing to decline and CRE Mortgage default rates are climbing. We’ll likely reach the tipping between late 2024 and mid 2025, then the bank failures will really start to ramp up.

    Somewhere in there the stock market will start to deflate as the wealthy seek liquidity to stave off foreclosures. Once it deflates enough it too will collapse.

    If you’re not familiar with the pending CRE crisis this Business Insider article explains it pretty well.

    It’s quite possible that we’re standing on the edge of another “Great Depression” event.