jmr
12.1K posts
jmr
@transfix
🇺🇸🇵🇷 / reactionary tech fascist / imperial capitalism privilege enjoyer
Austin, TX, USA เข้าร่วม Haziran 2009
1.5K กำลังติดตาม391 ผู้ติดตาม
Dude selling barbecue out of a trailer in Hippie Hollow that’s better than any chain in existence. When I say great brisket doesn’t need sauce, it doesn’t mean sauce is bad. It means great brisket doesn’t require it to be great.
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@LLJarrett1984 @JCeacc @anon_opin More people in the market means more liquidity for everyone and that's a good thing for pricing. Its not like a college degree- you cant borrow to buy a degree then sell it later
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@transfix @JCeacc @anon_opin The availability of loans is WHY everything is so expensive that you need loans to buy homes and cars and education and everything else. Prices rise to the highest amount the market can bear. Loan availability increases that number artificially.
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Multiple societies throughout history all came to the conclusion that charging interest on loans was immoral. Punishable by death in some cases. Now we've all done a collective 180 and decided it's the glue holding the world economy together? I think we got it right first time.
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@dregsofalbion @LLJarrett1984 @JCeacc @anon_opin A functioning modern complex economy requires financial instruments based on loans. Also, saving forver to do business in the future instead of borrowing to do business today is stupid. You dont build great things playing it safe and never taking on risk
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@transfix @LLJarrett1984 @JCeacc @anon_opin If nobody had access to money they didn't make via loans, asset prices would necessarily fall. Money is also subject to supply and demand; this is basic economics. You need loans now only because loans already exist.
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@henrikstroem @IdakaborJ @PhillipsPOBrien Imagine, after all our fuckups we are still number one by miles and all you can do about it is whine and cope while rooting for jihadi terrorists to win. Dont worry, europe is going to be completely muslim run, you'll have your own mullahs soon enough lmao
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@transfix @IdakaborJ @PhillipsPOBrien Funny coming from an American, who had their ass handed to them in Vietnam, Afghanistan, Iraq, coming soon: Iran, who only joined WW2 after USSR and China dealt with most of Germany and Japan, and profited until 1942.
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Just sent this out. The US campaign against Iran has revealed one major story which people are not acknowledging. For reasons of both internal US weakness and technological development, the US is showing it has almost no chance in a war against China in the Western Pacific.
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@henrikstroem @IdakaborJ @PhillipsPOBrien Like I said, China is weak. They only have passive aggression and subversion. They cannot meet in the battlefield with an expectation to win, so they invent this virtue about being weak lol
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@transfix @IdakaborJ @PhillipsPOBrien They are not too weak, but unlike the US, China doesn’t just kill people left and right.
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@LLJarrett1984 @AversiveC @JCeacc @anon_opin The demand isnt fixed. Housing in austin TX collapsed, for example. Without loans the economy would be nearly frozen. We need liquidity to do business. If you own a property and dont want to lose appreciating value but need liquidity, you use a loan.
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@AversiveC @transfix @JCeacc @anon_opin Its a self-perpetuating cycle, aka positive feedback loop.
Item is expensive. Loans offered for item. More people can afford item via loan. Demand up. Price up. Bigger loan required. Repeat. Eventually only extremely rich can afford the item without a loan. Houses, cars, etc.
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@IdakaborJ @PhillipsPOBrien Your premise is wrong because you don't understand China.
China does not solve problems using violence, the Taiwan reunification is going to take place in a peaceful way.
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@JPHilllllll yeah if you guys ran society you would have us digging ditches with spoons and call it a win for employment
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It’s just a weird sickness at some point, this level of greed. You have $200 billion dollars. You could wipe your ass with $100 bills and keep getting richer every day. Why kill thousands and thousands of jobs at this point?
More Perfect Union@MorePerfectUS
Jeff Bezos has begun the process of raising $100 billion for a new fund that would buy up manufacturing companies and then use AI to automate production.
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@cosmicfibretion they can't find consciousness with those instruments alone
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Building the most sophisticated and sensitive instruments to measure nature slows progress down now? We’ve entered the Twilight Zone.
Sabine Hossenfelder@skdh
he's entirely right of course. even if you think he is wrong, at the very least physicists should think about why everyone else agrees they've lost the plot.
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@AversiveC @LLJarrett1984 @JCeacc @anon_opin when people decided that they could own big ticket items otherwise inaccessible today because someone invented a financial instrument to make the item collateral for a loan
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@transfix @LLJarrett1984 @JCeacc @anon_opin How did we get into a position where financing was a requirement?
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Meanwhile, over at the Rammstein concert 🥳
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@cosmicfibretion humans wage endless war because that's how we continue to exist. We are in eternal conflict against entropy in all its forms. Peace is for when you are dead
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Here's a bright fucking idea: maybe if we didn't spend hundreds of billions of dollars on waging endless wars, physics would progress far faster?
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.@Windows can you guys just cut a hacker version of windows already? no normie BS, no AI, no useless backround tasks, no slop, no cloud accounts, just clean, made for VMs and building software, science, power users and gaming rigs. Win2k but win11. Be legends and throw us a bone
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@ScottSpadea @JCeacc @anon_opin Governments dont have to not make money from goods and services. This is a deep flaw that is baked into how we look at governance culturally- that gov should always lose money
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@JCeacc @anon_opin governments don't make money, they make goods and services. So spending money to incentivize job creation and lowering risks for those creating goods and services, is smart for a government, especially if there is high unemployment. Governments make economies, not money.
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@LLJarrett1984 @JCeacc @anon_opin Financing is what gets people owning things. Yes people should always save and invest, but even if you have some assets and wealth it doesnt mean you are liquid enough to buy a big ticket item or start a business
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@JCeacc @anon_opin People wouldn't need loans (mostly, special cases exist obviously) if the economy wasn't built around getting loans for every major purchase. You could save up or get help from family. The loan industry makes EVERYthing more expensive.
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@anon_opin Without interest lenders will lend less then expect favor in return. Interest is cleaner and easy to spell out in a contract vs vague expectations of favorable treatment later (the only time you see low time preference in third worldism)
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Denmark was reportedly preparing for full-scale war with the US over Greenland in January, with military support from France, Germany, and Nordic nations, per DR
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