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1715 sats \ 12 replies \ @WeAreAllSatoshi 23 Dec 2023
I read the title as “what would it take to get depression” and my mind went a totally different direction.
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1 sat \ 11 replies \ @Eobard 23 Dec 2023
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1 sat \ 10 replies \ @WeAreAllSatoshi 23 Dec 2023
No delete?
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1 sat \ 9 replies \ @Eobard 23 Dec 2023
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141 sats \ 8 replies \ @nemo 23 Dec 2023
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21 sats \ 2 replies \ @kepford 23 Dec 2023
lol. @nemo just and FYI. I've seen a couple of times that you have replied to a comment of mine but your comment is deleted... so I never see what you originally posted. I just wonder, why post it at all?
Maybe that was intended to troll me though. If so bravo. You be you. I respect a good troll.
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43 sats \ 1 reply \ @nemo 23 Dec 2023
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163 sats \ 0 replies \ @kepford 23 Dec 2023
All good nemo :)
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0 sats \ 0 replies \ @fishyness 23 Dec 2023
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21 sats \ 3 replies \ @Eobard 23 Dec 2023
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1 sat \ 2 replies \ @kepford 23 Dec 2023
If you really meant that you'd keep doing it. Right?
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33 sats \ 1 reply \ @nemo 23 Dec 2023
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309 sats \ 3 replies \ @anon 23 Dec 2023
Wake up. We've been in a depression since 2008. A depression is an extended (multiyear) period of below trend real economic growth. People are being psyoped by fake inflation numbers to fudge real growth rate numbers - but open your eyes to the number of homeless people on the streets, living in tents, or cars. WE HAVE BEEN IN A DEPRESSION FOR OVER A DECADE. DON'T DRINK THE GOVERNMENT PROPAGANDA.
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0 sats \ 0 replies \ @Voldemort 27 Dec 2023
real GDP has been going up since around 2009 with a dip during COVID. Do you have any data to back up the claim that population adjusted homelessness is getting worse? Why is homelessness the metric to use to establish whether we are in a depression or not? I don't remember the exact numbers, but I know that alcoholism and drug use are significant contributors to homelessness. If population adjusted homelessness is going up, could it be due to other factors?
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0 sats \ 0 replies \ @TNStacker 24 Dec 2023
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0 sats \ 0 replies \ @bitcoin_rationalist 23 Dec 2023
This ☝️
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156 sats \ 0 replies \ @go 23 Dec 2023
Whoa, this is a cool feature:
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10 sats \ 0 replies \ @kepford 23 Dec 2023
This reminded me of a common myth I learned in college and have heard repeated ever since. Hoover was laissez-faire and FDR came in and fixed the economy. In reality Hoover was no where near laissez-faire. Over the years I've read in multiple books about Hoover's massive government projects and regulations on business. There is even a quote by him mentioning that one of his cabinet members was a "crazy laissez-faire" that recommended he remove regulation and reduce spending. He said, of course I didn't listen to him. Apparently some historians take this comment out of context and leave off the part where he said he didn't listen to that crazy idea!
Now, I will say. I wasn't there. I'm no expert but its a word to the wise. Question the "official" narratives. They are OFTEN false. Sometimes completely opposite of reality. At best many are biased or contain half truths.
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10 sats \ 0 replies \ @kepford 23 Dec 2023
Love this guy. You can tell when someone is ignorant of history. They will act like Obama, Biden, Trump, or Bush are the worst presidents in US history. When you look at what FDR, Wilson, and Lincoln did and the consequences no modern president can hold a candle to them. From my reading of history the US was far closer to socialism during the FDR period than it is today. Neither Biden nor Obama can hold a candle to FDR.
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509 sats \ 2 replies \ @shado_op 23 Dec 2023
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100 sats \ 1 reply \ @geisterde 24 Dec 2023
It has been strung along longer than any of us would have expected, and they have tricks up their sleeve to keep it going as long as political will doesnt turn. There is a systemic instability though, the numbers get more extreme with every turn, where the turns get more and more frequent. I think its reasonable to extrapolate out and say the next time the money printer starts, maybe its a 50% haircut for savers, maybe the next is 80%. There is no mechanism for reducing items like the national debt, and even under full yield curve control there is only so much they can do to keep rates down (evidence japan), meanwhile politicians follow their incentives to spend more. I see no way out of this cage, its a falling wedge where the top line is the collapse of investor confidence (double/tripple digit inflation and interest rates) and the botttom line is default.
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200 sats \ 0 replies \ @shado_op 24 Dec 2023 freebie
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