They created like 40% more money supply in the span of a single year. It then rises at about 10% a year on average, due to a CPI that does adjustments at the whims of some entity whose goal seems to be to understate inflation.
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But I want to know how Bitcoin could be doing so well, it makes no sense, what demand is there for a finite commodity to store their value?
Shrinkflation you say?
Weird that the money supply can grow so fast, raising home values to ungodly levels, while we keep getting worse service; you cant even put an overhead bag or choose a seat on an airplane anymore, but nothing to see here inflation is only 2%.
turnip@lemm.eeto
Funny@sh.itjust.works•Embrace it and you'll have a better time;)English
4·8 months agoI watch The Amazing World of Gumball and its legitimately hilarious for a kids show.
turnip@lemm.eeto
Funny@sh.itjust.works•You may never see the soda fountain the same againEnglish
12·8 months agoI use my semi erect pinky to push it just to be safe.
turnip@lemm.eeto
Europe@feddit.org•AfD is the most popular party in Germany for the first time, with a record 26%English
102·8 months agoMass immigration into a housing shortage in order to push down wages, artificially invert the Phillips curve, and prop up housing prices will as well. I assume rising support for the afd is mostly the young.
https://tradingeconomics.com/germany/housing-index
https://recruitonomics.com/wp-content/uploads/2023/07/DE3-Net-migration-1024x565.png
turnip@lemm.eeto
World News@lemmy.world•Russian ammo depot, reportedly holding 264,000 tons of munitions, obliterated near MoscowEnglish
162·8 months agoI’d assume because we are allied with Ukraine, and you’d see the opposite in Russia.
Accepting gays is definitely the same as funding sex change for prisoners and sending them to a female prison, which was one of the most successful ads in history.
Well I think a big issue with that is monetary policy. Which bids up the price of goods using debt, as everything becomes financialized. It used to be a mortgage had a real physical cost as a lump of gold moved around, now its just numbers in a computer created out of the ether, and this bids up the cost of living in order to derive what we call economic growth. A transfer from the young to the old essentially.
The 2% inflation we attempt to achieve is after hedonic adjustments, substitutions, and investments are taken out, and so the money supply grows at 10% a year as people are clinging by the skin of their teeth to eek out more aggregate demand to attempt to infinitely grow an economy.
The 2% inflation was decided in the 90s with no real logic put forth as to where it would lead, and its obviously lead to huge bubbles and asset inequality as people try to profit off the first mover advantage of their debt being debased, as the CPI was progressively modified to loosen the money supply to promote more economic growth over time.
In the late 80’s they removed housing appreciation from the CPI for instance, and what do you expect that did to home prices? They did that to fix another problem with the CPI, which was that raising interest rates raised inflation during Volcker, making it a feedback loop that lead to the double digit increase in rates. So it was already broken and it was then patched like it was a car held together with duct tape.
The briefcase of money turns into velocity of money, which turns into jobs, which turns into wage pressure, which turns into higher wages for the poor, so they can buy the product or service with their own greatest marginal utility; so in their eyes they view the briefcase of money as the optimal empathetic choice.
Well, assuming the right in this case are Ron Paul right-leaning and not Trump right-leaning. In Trumps case he does just want the briefcase of money for himself.
I lived, I laughed, I ate avocado toast.
I’d always assumed they gave them a salary as well. Thats what I have at my job.
Modern war will soon look like an autonomous drone light show moving towards your military base, and the winner will be whoever can starve their enemy of advanced components and rare earth elements, hence China ceasing their exports of rare earths which make up 80% of the US supply.
turnip@lemm.eetoPersonal Finance@lemmy.ml•My salery is decent but I somehow can't afford anythingEnglish
12·8 months agoYou’re near the bottom for wages.
turnip@lemm.eeto
Technology@lemmy.world•Tesla Slumps Below 50% Share of California's Electric Car MarketEnglish
28·8 months agoMusk already got what he wanted. He bought Trump, and Trump will give Palantir every ounce of government data to analyze, which was likely a sticking point for Palantir to cement them as the only viable product for the US governments future military applications. Once pandoras box is open for classified data its a little bit hard to close it, especially once they gain a dependence on it.
Palantir then buys his crappy xAI platform that recently bought Twitter.
Well he could just appreciate his culture and views it in a good light, they likely view him in the same way, its human nature to other people we dont fully take the time to understand. Love and hate are two sides of the same coin, our love of our own culture turns into hate of another due to human nature, a ying and a yang.
Okay, now time to take another hit.
Or just put a cap on donations and block corporate donations?
Dispensing freedom you mean.
We need low interest rates and skyrocketing asset prices so that people pay 2% more to buy this next year. Consumption must go up so that people have worthless jobs producing trash that our politicians call economic growth, as people applaud their stocks rising.





You’re right, and that whole argument is sidestepping the fact what they really want is a separation between men and women so that they can attempt to force a safe space for women that appeals to their sensibilities of women being born weaker than men with lower bone density and testosterone while not allowing glaring loopholes. Which is how they really view women as an infantile subset of our species that needs protection from a minority of opportunists that would take advantage of them.