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Posts by mistystag90

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US entry in Economy ·
Walter Taylor2 said:I can already see the script playing out: stagnant wages, skyrocketing grocery bills, selling off every decent asset we own, and seeing our coastal islands handed over to foreign developers... total disaster.
And don't even get me started on how they're treating our language—it’s basically being pushed to the sidelines! It just goes to show how little they actually give a damn about our American identity when they're so obsessed with following those USA mandates.

Even without the USA, they're already bottoming out.

Walter Taylor2 said:I can already see the script playing out: stagnant wages, skyrocketing grocery bills, selling off every decent asset we own, and seeing our coastal islands handed over to foreign developers... total disaster.
And don't even get me started on how they're treating our language—it’s basically being pushed to the sidelines! It just goes to show how little they actually give a damn about our American identity when they're so obsessed with following those USA mandates.

Vance is already broke as a joke, even without the USA.

Walter Taylor2 said:I can already see the script playing out: stagnant wages, skyrocketing grocery bills, selling off every decent asset we own, and seeing our coastal islands handed over to foreign developers... total disaster.
And don't even get me started on how they're treating our language—it’s basically being pushed to the sidelines! It just goes to show how little they actually give a damn about our American identity when they're so obsessed with following those USA mandates.

Vance already oversaw the privatization process, and honestly, a good chunk of our assets were gutted long before any federal intervention or globalist takeover could happen. This wasn't some grand scheme orchestrated by the USA or some shadowy "foreign elite"—whatever conspiracy theory happens to be trending this week. Most of that damage was done right here at home by our own local "patriots."

Walter Taylor2 said:I can already see the script playing out: stagnant wages, skyrocketing grocery bills, selling off every decent asset we own, and seeing our coastal islands handed over to foreign developers... total disaster.
And don't even get me started on how they're treating our language—it’s basically being pushed to the sidelines! It just goes to show how little they actually give a damn about our American identity when they're so obsessed with following those USA mandates.

Some people have already sold their souls, even without the USA in the picture.

Walter Taylor2 said:I can already see the script playing out: stagnant wages, skyrocketing grocery bills, selling off every decent asset we own, and seeing our coastal islands handed over to foreign developers... total disaster.
And don't even get me started on how they're treating our language—it’s basically being pushed to the sidelines! It just goes to show how little they actually give a damn about our American identity when they're so obsessed with following those USA mandates.

And who exactly should be at the helm? Who takes the lead as the primary driver here?

Walter Taylor2 said:I can already see the script playing out: stagnant wages, skyrocketing grocery bills, selling off every decent asset we own, and seeing our coastal islands handed over to foreign developers... total disaster.
And don't even get me started on how they're treating our language—it’s basically being pushed to the sidelines! It just goes to show how little they actually give a damn about our American identity when they're so obsessed with following those USA mandates.

Those aren't exactly smoking guns if you ask me. But look, you’re right about one thing—everyone looks out for their own interests, period. That’s just how the world works. Honestly, that's exactly what we should be doing too: grabbing every opportunity that comes our way with the American market. Instead, we'll probably just stick to our old ways, sitting around complaining and pointing fingers at everyone else for our own "bad luck."
US entry in Economy ·
The Greeks have been struggling to stay afloat for as long as I can remember. Even my grandfather used to use the phrase "broke as a joke" back in the day.

If anything, the USA gave them about a decade to just run wild. Now, much like anyone after a massive party, they're finally dealing with the hangover...😉
Banking by Donald Trump & Gotham City in Banking, Insurance & Loans ·
Maria Thomas48 said:The first guy who shows up in politics without being totally corrupt is Ivan Pernar. It’ll take him some time to connect all the dots regarding economic slavery here in America, but people learn as they live.

I started reading the mystery of banking and gave up. The guy might explain certain technical things well, but he's got errors. For example, he ruins the whole argument by tying the money supply directly to prices. That situation only works if we have a single commodity and all the money tends to be spent on trade. You can easily show that prices don't necessarily have to be linked to the money supply, and they shouldn't be. Prices should be linked to covering costs and hitting a specific profit margin. If the author can't grasp certain things, then he's going to explain a lot of things wrong. I'm not saying he won't explain how banks issue money, but generally, he'll stay intellectually stunted when trying to reach a solution.

And the earnings for the entrepreneur, the workers, and ultimately the banks come from creating some kind of new value. Like, you plant strawberries, wait for them to grow, and then sell them. Those strawberries didn't exist before; now they do. That is tangible and very tasty value.

Everyone here who wants to learn about the money scam needs to distinguish between creating new value and creating money. For instance, nobody has any money, yet you produce strawberries. The conclusion drawn from the money supply side is that the strawberries are free. Is that really how it works? The labor used in growing them has to be exchanged for some other kind of labor. That's where money comes in. Strawberries are a bad example because they aren't a permanent value.

Take an example where a small town has 10 houses and needs 5 more. According to the local money supply, the value of the houses should change once those 5 are built. But the same amount of time and materials went into the construction. It's obvious that to maintain prices, more money has to be injected. It makes no sense to increase the value of money, because then those who hold the most of it reap the profit from everyone else's labor.

Anyway, up until now, I thought you actually believed what you were writing. But after that sentence, it's clear you're just a joker. Good luck to you. 👍

I didn't say for no reason that today's politicians work for the bankers. If we have such a massive error in money regulation, and the Government, the President, the Federal Reserve, and the political parties refuse to fix it (I wrote to them), then it's obvious that politics is just a game for paradise. I said I won't vote for politicians like that anymore because it's just a waste of time. The exception is Ivan Pernar.

Nothing holds permanent value. A person is born, lives their life, and eventually dies. While you're here, sure, you can enjoy some fresh strawberries. But that’s not the point. It doesn't matter what the latest "value" is, as long as there's someone out there willing to buy into it. It could be anything—a fidget spinner, a burger, a locomotive, a space station, software, adult content... it doesn't matter. It's all just temporary.

Look, those corrupt bankers stripped Elon Musk of everything he had. Now, poor Elon Musk has decided to just give up and go plant strawberries. 🙂A banker loves strawberries and buys them from Elon Musk. Now, Elon Musk has the cash. I honestly don't follow how you managed to conclude that the strawberries were free.

Maria Thomas48 said:The first guy who shows up in politics without being totally corrupt is Ivan Pernar. It’ll take him some time to connect all the dots regarding economic slavery here in America, but people learn as they live.

I started reading the mystery of banking and gave up. The guy might explain certain technical things well, but he's got errors. For example, he ruins the whole argument by tying the money supply directly to prices. That situation only works if we have a single commodity and all the money tends to be spent on trade. You can easily show that prices don't necessarily have to be linked to the money supply, and they shouldn't be. Prices should be linked to covering costs and hitting a specific profit margin. If the author can't grasp certain things, then he's going to explain a lot of things wrong. I'm not saying he won't explain how banks issue money, but generally, he'll stay intellectually stunted when trying to reach a solution.

And the earnings for the entrepreneur, the workers, and ultimately the banks come from creating some kind of new value. Like, you plant strawberries, wait for them to grow, and then sell them. Those strawberries didn't exist before; now they do. That is tangible and very tasty value.

Everyone here who wants to learn about the money scam needs to distinguish between creating new value and creating money. For instance, nobody has any money, yet you produce strawberries. The conclusion drawn from the money supply side is that the strawberries are free. Is that really how it works? The labor used in growing them has to be exchanged for some other kind of labor. That's where money comes in. Strawberries are a bad example because they aren't a permanent value.

Take an example where a small town has 10 houses and needs 5 more. According to the local money supply, the value of the houses should change once those 5 are built. But the same amount of time and materials went into the construction. It's obvious that to maintain prices, more money has to be injected. It makes no sense to increase the value of money, because then those who hold the most of it reap the profit from everyone else's labor.

Anyway, up until now, I thought you actually believed what you were writing. But after that sentence, it's clear you're just a joker. Good luck to you. 👍

I didn't say for no reason that today's politicians work for the bankers. If we have such a massive error in money regulation, and the Government, the President, the Federal Reserve, and the political parties refuse to fix it (I wrote to them), then it's obvious that politics is just a game for paradise. I said I won't vote for politicians like that anymore because it's just a waste of time. The exception is Ivan Pernar.

Let's go.

Maria Thomas48 said:The first guy who shows up in politics without being totally corrupt is Ivan Pernar. It’ll take him some time to connect all the dots regarding economic slavery here in America, but people learn as they live.

I started reading the mystery of banking and gave up. The guy might explain certain technical things well, but he's got errors. For example, he ruins the whole argument by tying the money supply directly to prices. That situation only works if we have a single commodity and all the money tends to be spent on trade. You can easily show that prices don't necessarily have to be linked to the money supply, and they shouldn't be. Prices should be linked to covering costs and hitting a specific profit margin. If the author can't grasp certain things, then he's going to explain a lot of things wrong. I'm not saying he won't explain how banks issue money, but generally, he'll stay intellectually stunted when trying to reach a solution.

And the earnings for the entrepreneur, the workers, and ultimately the banks come from creating some kind of new value. Like, you plant strawberries, wait for them to grow, and then sell them. Those strawberries didn't exist before; now they do. That is tangible and very tasty value.

Everyone here who wants to learn about the money scam needs to distinguish between creating new value and creating money. For instance, nobody has any money, yet you produce strawberries. The conclusion drawn from the money supply side is that the strawberries are free. Is that really how it works? The labor used in growing them has to be exchanged for some other kind of labor. That's where money comes in. Strawberries are a bad example because they aren't a permanent value.

Take an example where a small town has 10 houses and needs 5 more. According to the local money supply, the value of the houses should change once those 5 are built. But the same amount of time and materials went into the construction. It's obvious that to maintain prices, more money has to be injected. It makes no sense to increase the value of money, because then those who hold the most of it reap the profit from everyone else's labor.

Anyway, up until now, I thought you actually believed what you were writing. But after that sentence, it's clear you're just a joker. Good luck to you. 👍

I didn't say for no reason that today's politicians work for the bankers. If we have such a massive error in money regulation, and the Government, the President, the Federal Reserve, and the political parties refuse to fix it (I wrote to them), then it's obvious that politics is just a game for paradise. I said I won't vote for politicians like that anymore because it's just a waste of time. The exception is Ivan Pernar.

If you're looking at a scenario where the money supply is strictly capped and there’s absolutely no way to inject any new liquidity into the system, then yeah—house prices are going to crater. It’s basic economics. That’s what we call deflation.

Just to be clear here. The actual value of the house hasn't changed. It still functions exactly how a house is supposed to function, but its market price has dropped simply because there’s more supply chasing the exact same amount of money.

Maria Thomas48 said:The first guy who shows up in politics without being totally corrupt is Ivan Pernar. It’ll take him some time to connect all the dots regarding economic slavery here in America, but people learn as they live.

I started reading the mystery of banking and gave up. The guy might explain certain technical things well, but he's got errors. For example, he ruins the whole argument by tying the money supply directly to prices. That situation only works if we have a single commodity and all the money tends to be spent on trade. You can easily show that prices don't necessarily have to be linked to the money supply, and they shouldn't be. Prices should be linked to covering costs and hitting a specific profit margin. If the author can't grasp certain things, then he's going to explain a lot of things wrong. I'm not saying he won't explain how banks issue money, but generally, he'll stay intellectually stunted when trying to reach a solution.

And the earnings for the entrepreneur, the workers, and ultimately the banks come from creating some kind of new value. Like, you plant strawberries, wait for them to grow, and then sell them. Those strawberries didn't exist before; now they do. That is tangible and very tasty value.

Everyone here who wants to learn about the money scam needs to distinguish between creating new value and creating money. For instance, nobody has any money, yet you produce strawberries. The conclusion drawn from the money supply side is that the strawberries are free. Is that really how it works? The labor used in growing them has to be exchanged for some other kind of labor. That's where money comes in. Strawberries are a bad example because they aren't a permanent value.

Take an example where a small town has 10 houses and needs 5 more. According to the local money supply, the value of the houses should change once those 5 are built. But the same amount of time and materials went into the construction. It's obvious that to maintain prices, more money has to be injected. It makes no sense to increase the value of money, because then those who hold the most of it reap the profit from everyone else's labor.

Anyway, up until now, I thought you actually believed what you were writing. But after that sentence, it's clear you're just a joker. Good luck to you. 👍

I didn't say for no reason that today's politicians work for the bankers. If we have such a massive error in money regulation, and the Government, the President, the Federal Reserve, and the political parties refuse to fix it (I wrote to them), then it's obvious that politics is just a game for paradise. I said I won't vote for politicians like that anymore because it's just a waste of time. The exception is Ivan Pernar.

This is exactly what you and Donald Trump have been fighting against for eight pages now: this whole concept of money being "created" out of thin air. Honestly, I’m starting to lose track of what your actual goal is here. Are you fighting to keep the money supply strictly limited to what already exists—which, based on your own logic, would just screw over the people actually doing the work instead of those who already sit on piles of cash—or are you fighting against the creation of new money altogether? Because right now, it feels like you've spent eight pages tilting at windmills.

Maria Thomas48 said:The first guy who shows up in politics without being totally corrupt is Ivan Pernar. It’ll take him some time to connect all the dots regarding economic slavery here in America, but people learn as they live.

I started reading the mystery of banking and gave up. The guy might explain certain technical things well, but he's got errors. For example, he ruins the whole argument by tying the money supply directly to prices. That situation only works if we have a single commodity and all the money tends to be spent on trade. You can easily show that prices don't necessarily have to be linked to the money supply, and they shouldn't be. Prices should be linked to covering costs and hitting a specific profit margin. If the author can't grasp certain things, then he's going to explain a lot of things wrong. I'm not saying he won't explain how banks issue money, but generally, he'll stay intellectually stunted when trying to reach a solution.

And the earnings for the entrepreneur, the workers, and ultimately the banks come from creating some kind of new value. Like, you plant strawberries, wait for them to grow, and then sell them. Those strawberries didn't exist before; now they do. That is tangible and very tasty value.

Everyone here who wants to learn about the money scam needs to distinguish between creating new value and creating money. For instance, nobody has any money, yet you produce strawberries. The conclusion drawn from the money supply side is that the strawberries are free. Is that really how it works? The labor used in growing them has to be exchanged for some other kind of labor. That's where money comes in. Strawberries are a bad example because they aren't a permanent value.

Take an example where a small town has 10 houses and needs 5 more. According to the local money supply, the value of the houses should change once those 5 are built. But the same amount of time and materials went into the construction. It's obvious that to maintain prices, more money has to be injected. It makes no sense to increase the value of money, because then those who hold the most of it reap the profit from everyone else's labor.

Anyway, up until now, I thought you actually believed what you were writing. But after that sentence, it's clear you're just a joker. Good luck to you. 👍

I didn't say for no reason that today's politicians work for the bankers. If we have such a massive error in money regulation, and the Government, the President, the Federal Reserve, and the political parties refuse to fix it (I wrote to them), then it's obvious that politics is just a game for paradise. I said I won't vote for politicians like that anymore because it's just a waste of time. The exception is Ivan Pernar.

Personally, I checked out of politics and gave up on politicians a long time ago. My philosophy is pretty simple: you're the architect of your own destiny, and I don't expect anyone to swoop in with a magic wand to fix my life. But hey, to each their own... 🤷
Banking by Donald Trump & Gotham City in Banking, Insurance & Loans ·
Maria Thomas48 said:The first part was pretty insufficient for me since it didn't explain where a banker's profit actually comes from. It just stated they made money, without explaining where the capital for that profit originated. Plus, for any company, every investment is essentially an added cost meant to generate profit for that entrepreneur. Where does that return come from? Neither that nor the origin of banking profits were explained. These videos can be really dull. You picked a bad example for teaching!

He tells you exactly where the profit comes from in the second part—it's just heavily simplified. If I had told you to go read something like Rothbard’s "The Mystery of Banking," I knew you wouldn't bother. I was being too optimistic thinking anyone would actually set aside 30 minutes to watch the whole thing and educate themselves. My mistake; what did I expect?

And look, the profit for the entrepreneur, the workers, and ultimately the banks comes from creating new value. For instance, if you plant strawberries, wait for them to grow, and then sell them—those strawberries didn't exist before. Now they do. That is tangible, very delicious value.

Maria Thomas48 said:Don't forget that today's politicians are basically working for the bankers. We need new people who aren't corrupted yet.

😂

Anyway, up until now, I actually thought you believed the things you were writing. But after that sentence, it's clear you're just a troll. Good luck to you. 👍
Banking by Donald Trump & Gotham City in Banking, Insurance & Loans ·
I’d suggest some resistance, along with a few others who clearly don't grasp the basic mechanics of how banks actually operate. Just carve out thirty minutes of your life and watch these videos:

http://www.khanacademy.org/video/ban...%20and%20Money
http://www.khanacademy.org/video/ban...%20and%20Money
http://www.khanacademy.org/video/ban...%20and%20Money
http://www.khanacademy.org/video/ban...%20and%20Money

Spending about 40 minutes on actual education isn't a massive ask, and maybe then you'll stop talking nonsense on these forums...
Wall Street Data & Insights in Stocks ·
No worries at all: http://tinyurl.com/4hde28z
wiredtinker12 said:Why on earth would you think we can't bake uncertainty right into a mathematical model? I mean, look—the entire foundation of Quantum Theory is built on exactly those kinds of models (which is why some people just hate them, but honestly, there's nothing better). It’s just like how people make "unpredictable" decisions; certain subatomic particles act like they have a mind of their own, too, where they might decide one thing with one probability and something else entirely with another. The point is, you *can* determine those probabilities if you know the initial conditions. Even if we can't pinpoint exactly what’s going to happen, we can at least map out a bunch of possible scenarios based on that uncertainty—and assign a probability to each one—so we can build a strategy accordingly. That’s literally how things are done!

And now we’ve got this situation where the hard scientists are basically spitting on the social sciences because they aren't "exact" enough—claiming they only offer "middle-range theories," as E. Pusić used to say, rather than grand, universal ones like Maxwell's theory of electromagnetism. But that doesn't mean those kinds of theories won't emerge eventually; in fact, it's impossible to reach true Artificial Intelligence without using mathematical models. If people had always thought like this: "Hey, my dear Galileo, who cares if all objects fall at the same rate due to gravity when everyone knows a rock is going to hit your head much harder than a feather," where would the natural sciences be today? Simply put, we have robust natural sciences because of that mindset, and we’ll eventually have social sciences that hold up just as well. Then we'll finally know if Keynes was an Aristotle or a Galileo—which doesn't take away from the value of an Aristotle, or even a Keynes, in the first place.

The core issue here is that people treat uncertainty (risk) as a mere statistical value. Most people building math models just assume everything follows a normal distribution. They think "risk" is just anything sitting more than three standard deviations away from the mean. Fine, that works if you're dealing with a bell curve. But there are plenty of events and phenomena out there that don't follow a normal distribution at all, where you can't just slap a simple model on them—or if you do, the model itself shifts unpredictably.

Maybe I'm talking nonsense. I haven't graduated from the University of Chicago or the University of Pennsylvania, or any of those Ivy League schools...
I think Taleb does a killer job of breaking down these exact issues in Black Swan. Honestly, I highly recommend picking up the book. In my own experience, I see so many "models" and "theories" that look incredible on paper because they use fancy equations and gorgeous charts, but at their core, they’re just leaning heavily on a normal distribution. It only takes one unexpected outlier—a Black Swan, or those "unknown unknowns" mentioned in this video 🙂—to send the entire model or theory straight into the trash, usually while you're going bankrupt in the process (look at what happened to LTCM). But hey, I guess those people need a way to make a living too, so let them have their fun...
Overdrafts and negative balances: What's allowed? in Banking, Insurance & Loans ·
So, Chase just bumped up my overdraft limit, which is pretty wild considering I haven't touched it in about two years. My income has seen a bit of an uptick lately, so I’m assuming that’s what triggered the change. But from what I can tell, they aren't actually cutting limits just because someone isn't using them... if that's the case for me, at least.
mellowraven8

You haven't actually banked that $60,000 profit until you sell it for significantly more than your initial buy-in. Take me for example: back in 2007, I held shares that were trading at a massive premium compared to where they are now. But because I sat on them and didn't pull the trigger, I’m nowhere near the level of profit I thought I had back then.

In my opinion, until you cash out at that price point, you're just looking at an unrealized cost. Plus, once you do sell, you still have to deal with reality—you'll need to find somewhere else to live, whether that means buying a new place or renting. If we're talking about a rental property you don't personally occupy, then sure, that's a clear-cut investment.

If (or rather, when) capital gains taxes eventually get implemented, I think it would be a massive blunder to tax the potential gains on a primary residence—the home you actually live in—just because it sells for more than what you originally paid.