
Capitalist
6.3K posts

Capitalist
@Capitalist88
Math geek, anime fan, currency trader, Objectivist, writer, programmer, epic eater of pizza...
Memphis, land of delta blues Katılım Haziran 2012
171 Takip Edilen238 Takipçiler

@WilliamShatner Gonna buy a little tomorrow after the dust settles, basically as a meme stock for now, like DJT.
After I see some financials, I many buy more during the post lock-up crash that sometimes happens when the first subscribers cash out.
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@TheBabylonBee K, uh, that's not funny.
Fine. It WAS kinda funny, but still....
Jerks. 😋
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@klystrn @compliantvc You may want to read the post again...slowly.
The Joke >>>>>>>
Your head
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Elon Musk is about to become a trillionaire
If he agreed to pay just 80% of that as a wealth tax to the EU, the EU government could use its efficient operating experience to fund bicycles with solar panels attached to them for over 40 residents of the Netherlands
Elon is being selfish by not paying the wealth tax
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@EricLDaugh "just stunned the world:"
Didn't they come out with this plan months ago?
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🚨 HOLY CRAP! Treasury Sec. Scott Bessent just stunned the world: ANY DAMAGE Iran does to the Gulf nations will now be repaired using IRANIAN FUNDS seized by the US from Iranian accounts
This man is legitimately an economic assassin...NOBODY wants to be on his bad side!
"Any damage it inflicts on our allies in the Gulf will be paid for with funds extracted from Iranian Accounts.
Any tolls paid to the Persian Gulf Strait Authority will be offset by funds extracted from their accounts.
Every attack Iran launches will only deepen the economic and financial consequences it faces."
🔥🔥🔥
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@Citizen_of_KS @ScottPresler @grok Seems naïve. The other side doesn't seek permission to break rules, steal elections or suicide their enemies.
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@ScottPresler @grok Seems shortsighted. Every rule that gets bent , every norm ignored, will be bent and ignored by the other side the next time they have power. All this does is provide permission to do so.
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Dear @grok,
Is it true that the parliamentarian has no binding power & only plays an advisory role?
Is it also true that the Vice President has the authority to overrule the parliamentarian?
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@FmrRepMTG "No more foreign wars."
You child. No one promised that. The promise was, "No FOREVER wars." A few months is hardly forever. A no-forever war is a war you win.
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@Economics21st @Handre True true. The Fed's only role really is to impose an upper limit on that process through the reserve requirement. Daily FOMC operations adjust that by adding or subtracting reserves from the whole system. They basically just move the guardrails, I guess.
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@Capitalist88 @Handre Fair enough. I was just pointing out that the Fed isn't involved in most money creation: it's just the banks writing IOUs, usually as part of lending.
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@Jim_Jordan I heard this on The Vince Show in my car today. Some chick took the 5th on a question about how to say her name. 🤣🤣
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@ThrillaRilla369 Red Dawn
A Few Good Men
War Games
Contact
Margin Call
The Sound of Music
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@Economics21st @Handre Sure, there are a lot of ways to manage a civilization's monetary system.
But I was responding to a post from a guy who seemed amazed that money was created "out of thin air." LOL As if that's some kind of revelation.
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@Capitalist88 @Handre The Fed's involvement is about providing liquidity, and that's an important function, but money creation doesn't inherently require liquidity as my article shows. The banking system is extremely efficient at managing payments on very low liquidity, as long as banks are solvent.
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@Economics21st @Handre Right, the FOMC process I described starts the process. Then the bond dealer's bank has more to lend, which creates other deposits elsewhere, etc. There's a multiplier effect, which (if I remember correctly) is an inverse function of the Reserve Requirement.
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@Capitalist88 @Handre To get more (M1) money, all you need is for the bank to create a new deposit (credit a customer's account), usually in exchange for the customer promising to repay.
I can highly recommend Perry Mehrling's lectures:
ineteconomics.org/education/cour…
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@codevsdev When I first started writing FORTRAN in 1981, we had this thing we called a "book," and this "book" helped us. Also, there was a guy called a "Professor" who, as luck would have it, actually wrote that "book" thing I mentioned earlier. So that was cool...
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JUST IN: Armed Forces of the Philippines chief General Romeo Brawner Jr. confirms that a moving structure was found in the lagoon of Bajo de Masinloc or Scarborough Shoal in the West Philippine Sea.
According to Brawner, the structure measured 6 meters by 6 meters and had six individuals on board. @ABSCBNNews

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@greg16676935420 @Kalshi You're not. These prediction markets are notorious for...ummm. Wait. Oh. OH!
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@Economics21st @Handre Fed >>> reserve credits >> Dealer's Bank >>> credits dealer's account >>> Dealer >>> delivers Tbills >>> Fed.
All 3 entities have a new asset and a new liability. All balanced. And voila, since the dealer now has a larger bank account, there is now more money in the system.
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@Capitalist88 @Handre Bank money ("deposits") is usually created simply as a swap of IOUs between bank and borrower.
See Perry Mehrling's lectures, or this article:
economics21st.com/p/money-and-ba…
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@BlackDumpling Dammit. Someone contact @BlackDumpling and let her know @greg16676935420 just hacked her account...
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I like hamburgers with ketchup and cheese. Do you like hamburgers with ketchup and cheese? I like hamburgers with ketchup and cheese. I cut them into quarters for different meals and eat them with a dipping agent. Typically ketchup. Sometimes BBQ. Having angled corners to dip my burgers with just kind of fascinates me. That corner makes for a perfect angle of dipping and then biting which then in turn makes additional corners that excel at both dipping and biting, until you have no more hamburger left. At which point you are sad there is no hamburger, but thankful such hamburgers existed.
This post is about hamburgers with ketchup and cheese.

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