DankBankMan
2.1K posts
DankBankMan
@DankBankMan
Liveryman of the Latent Space Navigators Guild
Katılım Temmuz 2023
251 Takip Edilen43 Takipçiler
Finance needs to be mandatory in high schools. It’s never under any circumstances whatsoever a good idea to pay off a mortgage early if it has this low of an interest rate compared with the risk free rate. Yet people post about doing it all the time.
Barbell Financial 💪🏻💰@BarbellFi
The only good mortgage is a paid off one Our biggest monthly expense is gone 💰
English
@joelbasson @MostlyMonkey The thing is you have more money on hand when you haven’t wasted it paying off 2.6% debt
Nobody is saying “don’t use the magic no-debt wand”, they’re saying it’s not worth the cash it costs to pay it off
English
If anybody out there wants to offer to lend me uncallable, prepayable 15 year debt at 2.625% I will take as much as you have to offer.
My mortgage is sub-3%. I owe less than half my yearly income, less than 10% of my net worth, but I have no plans to pay it off early.
Barbell Financial 💪🏻💰@BarbellFi
The only good mortgage is a paid off one Our biggest monthly expense is gone 💰
English
@DankBankMan @JournalistFact1 @JvaJit_CEO @EWErickson Is there not one specifically only on imported goods?
English
If you want to encapsulate Donald Trump’s economic vision, a 10% baseline tariff puts the United States in the territory of an African third-world nation. Every single developed nation on planet earth has a baseline tariff of less than 10%, and most of those nations, contrary to what you might believe, exempt the United States from paying tariffs due to trade agreements Trump just scuttled.
English
@joao_sojoao9 @eeldenden She’s talking about tearing down the regulatory barriers so that private investment can do this
English
@eeldenden Why is it that in Europe every investment decision seems to be done by a government official? Why do Europeans think this will work even at a fraction of the extent at which private investments were made? This is what we called socialism- investment decision being done by the gov
English
🇪🇺 European Central Bank chief Lagarde calls for an alternative to American Visa and Mastercard in "a march to independence". The completion of the Capital Market Union would pave the way for the Fiscal Union. Further integration would add €3 trillion in value (!) every year
English
@coryfromphilly Americans crave nothing more than government Welfare, just don’t say the ‘W’ word
English
The UAW supporting tarrifs reveals the fundamental problem with American big labor: it is focused on creating scarcity - rents - for it's small group of workers instead of expanding unions more broadly.
Taxing 99.9% of labor to benefit 0.1% of labor isn't good.
English
@jd_sauvage @supertrucker @HonorAndDaring RWers refuse to accept that nukes changed this forever because they were built by Jews
English
@supertrucker @HonorAndDaring Because RWers have spent the last decade playing HoI4 and know the first thing you do is spam civilian factories, so you can use them to build military factories later.
English
Why do RW shitpost accounts have a better grasp of the stakes involved here than the x’perts?
Roman Helmet Guy@romanhelmetguy
Because it is far easier to turn a toaster factory into a drone factory than to do the same with an accounting office.
English
@furrshurr1 @romanhelmetguy @Touchhy1725072 We are dropping nukes by the time we’re converting 100% of factories to war materiel
That’s what the conversation is about, try to keep up.
English
@DankBankMan @romanhelmetguy @Touchhy1725072 Not at first it won't. Nukes are the final answer. The world has had nukes since 1947.... We're not dropping nukes on countries based on economic wars gone sour.
English
Because it is far easier to turn a toaster factory into a drone factory than to do the same with an accounting office.
fed_speak@fed_speak
WHY DO WE WANT TO MANUFACTURE MICROWAVES AND TOASTERS IN THE UNITED STATES THE YEAR IS 2025
English
@romanhelmetguy @Touchhy1725072 If the US gets into a total war with China it will be fought with nukes built 40 years ago, not converted toaster factories
English
Assuming you’re asking in a good faith: If the USA gets into a total war with China, we will have to convert ~100% of our economy to weapons manufacturing. Obviously we can’t have 100% of our economy just be weapons manufacturing right now, so the key is to make sure that if war comes, we have the expertise and infrastructure to quickly convert the economy into an industrial wartime powerhouse.
English
@CryptoSuit21 @JournalistFact1 @JvaJit_CEO @EWErickson European VAT is charged at the exact same rate on domestic products as imported ones
English
@DankBankMan @JournalistFact1 @JvaJit_CEO @EWErickson Do ur research. It’s a VAT on “ import goods “. It’s only applied to imported goods so domestic cars are that much cheaper.
English
@ComputerEnjoye1 @jdcmedlock Incredible the number of professional social media influencers telling us (repeatedly) that America needs to produce physical goods instead of social media content
English
@jdcmedlock My favourite is “American SWIFT” when SWIFT is run by a Belgian co-op
English
@PreciselyPosit1 @AviWoolf @nobodyknows2322 @GaryWinslett Even if there’s a huge increase in manufacturing it’s not coming to those small towns
Everyone went to more productive places. Retirees stayed. No reversing it
English
@AviWoolf @nobodyknows2322 @GaryWinslett The problem is very specifically that many Midwestern cities and especially smaller towns are not prospering and -look- sickly. It’s about place and appearance.
English
Arguments like this are frustrating.
GDP is a measure of how much we produce + is connected to good jobs/wages. The stock market is connected to investment + people’s retirement.
They’re not made up numbers. In many ways they’re MORE connected to the real world than vibes.
Isaiah Taylor - making nuclear reactors@isaiah_p_taylor
Man, sometimes I forget that I am not really a tech bro deep down. I am a midwest kid. Most of the time we get along but at the end of the day I don't care about the stock market or the GDP I want my country to make things again, I want my countrymen to be able to raise kids
English
@CryptoSuit21 @JournalistFact1 @JvaJit_CEO @EWErickson VAT is just sales tax. Do you think Mississippi has a 7% “tariff” on Texas?
English
@JournalistFact1 @JvaJit_CEO @EWErickson It includes all trade barriers. Like in the case of the EU it includes the VAT on imported goods. Exsample. Tariff on American Cars is only 10% but they also charge 20% VAT so it’s really 30%
English
DankBankMan retweetledi
Congress should stop being cucks and both take back all tariff powers as well as remove the ability to trivially declare national emergencies.
English
DankBankMan retweetledi
@LittleMammith guy who makes $70k a year, owns his home, has a new Ford F150 and a boat, has a huge flatscreen TV he watches every day from his giant couch: I have known only economic devastation my whole life. I choose to burn it all down rather than suffer one day longer
English
@NoDrumpf1 @dragon_sea8 @LittleMammith The nuclear bomb was built by Jewish nerds who would be absolutely 100% crushing it in the modern free trade economy
English
When I said this was just one big murder-suicide cult, I really wasn't exaggerating.
Matt Forney@mattforney
I don't care about your fake and gay stock market collapsing, boomers. You locked me in a decaying commie block apartment over the flu and cost me my job. I'm nearly 40, in the worst job market in nearly a century, because of YOUR greed and selfishness. I voted for this.
English
@Kingbingo_ @balajis This is just crazy inefficient welfare. Cutting checks to minimum wage workers is cheaper!
English
@balajis The better deal is rich Americans buy less imported tat they don't need. And past over Americans get jobs and participation.
English
Uncle Sam cannot get a better deal from Vietnam than free.
Vietnamese women grind in factories to produce Nikes, while Uncle Sam sends them printed money in return.
Who is ripping off whom?
Chelsea Ngoc Minh Nguyen@C_NMNg
On social media, Vietnamese people and diplomats are reacting to Trump’s tariffs with great sadness and disappointment. This month marks the 50th anniversary since the wars in Vietnam, Cambodia, and Laos with the US ended. All three countries today were among those hit the most.
English
@yacineMTB @ptremblay That’s why it’s awesome that the world sends America lots of real things and all America has to do is send them fake money
That’s what Trump hates and what these tariffs are intended to stop!
English
@laRealMaquina @NewReaganCaucus Trade deficits most certainly include services, but we can restate it as “most businesses run trade deficits with their suppliers” if you’d prefer.
English
The sooner that everyone realizes that the balance of trade doesn't matter, the better.
You have a trade deficit with your grocery store, and it's to both your benefit and that of the grocery store.
English