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MarcusAurelius 2 points ago +2 / -0

The complaints about voter suppression are bullshit. It's all about being pro voter fraud.

Offer voter ID, and in return people could get their drivers license and a printout of their birth certificate for free. I haven't met a leftist reply "That would be great, this way they can participate more fully in society."

It's because mail in ballots encourage fraud, and deep down they know it and abet it.

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MarcusAurelius 1 point ago +1 / -0

I was able to save up the down payment on my house in about 2 years by living frugally with roommates. 10% inflation is harsh, but not that harsh.

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MarcusAurelius 2 points ago +2 / -0

The Treasury can issue up to the debt limit as set by congress. Issuance of bonds and deficit spending increases the M4 money supply.

The Federal Reserve is technically separate from the US government, however it's leadership is selected by the President and confirmed by the Senate. Furthermore, excess earnings by the Federal Reserve is returned to the Treasury. The Federal Reserve can print an unlimited amount of money to buy Treasury bonds if they so wish. The influx of money to the government and subsequent deficit spending increases inflation. And the purchase of Treasury Bonds by the Reserve also decreases the yield on those bonds, making them less attractive as an investment, forcing them to find somewhere else. That somewhere else can be sitting on cash as a deflating asset, stocks (LOL @ the market right now), Real Estate, Corporate Bonds, State bonds, Gold, Funco pops, etc... which also... increases inflation.

And yes, this has the opportunity to create a cycle where the treasury prints bonds, the reserve buys them, later the treasury pays matured interest on the bonds to the reserve, and then the Reserve gives the interest back to the treasury.

And yes, this cycle causes inflation, as money is magicked into existence and pumped into the economy by the government. The money printer goes brrr.

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MarcusAurelius 2 points ago +2 / -0

Because money printing is being done by the Treasury at the request of Congress through government spending. The fiscal policy has been inflationary in regards to increase borrowing and spending. Furthermore, there has been additional regulatory measures negatively impacting energy, transportation, and labor markets resulting in inflation.

The Federal Reserve is a different organ which is primarily chartered to maintain a balance between a low steady inflation, and low unemployment. They set monetary policy. Given the high inflation that is popping up after relaxing COVID restrictions, they are prioritizing getting inflation under control by setting increasingly high interest rates. This results both in higher borrowing costs (less people borrowing and spending), and lower demand and prices for capital.

When I refer to "the fed" it's in context of the Federal Reserve increasing interest rates to decrease inflation. Not "here is free money" fiscal policy set by the Federal Government/Biden/Congress.

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MarcusAurelius 1 point ago +1 / -0

If the Fed gets inflation under control, which they seem to be willing to do given all the hikes, cash will be king to buy stuff at a sharp discount on the recovery.

Especially because even though Washington is a Clownshow, Brussels, Beijing, London are all worse.

Of course, things could get really bad, and there simply is no safe harbor.

Eh, it's still relatively cheap to buy a few months or a year of worth of food in five gallon buckets, stored in mylar. And you can still get an AR with a thousand rounds for a paycheck or two. But, you all already have this, right?

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MarcusAurelius 2 points ago +2 / -0

It's more because of a combination of valuing literacy/education, knowing about intergenerational wealth, and some nepotism for the next generation.

You don't have to be Jewish to do the above.

I know that it's present at temple when someone asks a friend to do a mitzvah for their son. And yes, it's the same shit that WASPs at Harvard do, it's just that it's more recent that they learnt to shut up about it too.

If you raise your kids to only value drinking booze and getting the latest Apple Iphone, they'll spend all their money rather than invest it. If you raise your kids to idolize gangers, they'll be dead or pregnant at 16.

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MarcusAurelius 0 points ago +1 / -1

Don't worry. They are still bitching at landlords for being greedy mother fuckers. Because landlords for some reason get free property taxes, repairs, HOA fees, listing, and mortgages.

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MarcusAurelius 1 point ago +1 / -0

Or buy an empty lot on unincorporated land.

Or live with roommates for a few years to save up enough for a down payment.

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MarcusAurelius 2 points ago +2 / -0

Libertarians no. Religious yes.

It's why they pushed Abortion so hard to derail the Tea Party back in 2008. Globohomo wanted their billions from Uncle Sugar. The Religious right really wanted to overturn Roe V Wade, and the Libertarians just wanted the bankers to stay away from their wallets.

It's also what sank the Reform Party, when Pat Buchannan came in, and the GOP fucked a then Presidential hopeful Trump for the first time.

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MarcusAurelius 3 points ago +3 / -0

If you do get something like that, and you think the governments gonna come calling. Hand them off to Local Law Enforcement. Maybe vacuum pack a few and go fishing.

Don't go to the Feds. The ATF isn't just a clownshow. It's a clownshow run by Pennywise.

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MarcusAurelius 2 points ago +2 / -0

Look like someone isn't getting any grandkids.

Well, I guess there was that article before on grandkids in the metaverse. Enjoy your Zuckbaby, Heidi.

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MarcusAurelius 1 point ago +1 / -0

That's just gambling for hyperinflation. Given the efforts by the Federal Reserve, not the best idea.

Honestly, I doubt we would see some huge, civilizational ending, nuclear war.

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MarcusAurelius 1 point ago +1 / -0

Don't catch a falling knife. Wait until the rebound.

Right now it's clear that the Federal Reserve Bank is putting massive pressure to try to tame inflation, despite the best efforts from Washington. If you are looking to invest, try to gather cash at this point and get back into the market.

Maybe if you come across a motivated seller, Real Estate might still be a good choice. Just make sure you have enough reserves to get through the high interest rates for a few years.

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MarcusAurelius 1 point ago +1 / -0

I can't imagine this would be attractive to anyone, save for 45 year old women who want a break from their cats, and dream about what could have been 20 years ago.

Though, maybe also 65 year retirees with kids that go by xim/xam/alakabam.

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MarcusAurelius 1 point ago +1 / -0

Food, gas, parts and labor for repairs, my HOA dues. Hell, even dollar store is a buck and a quarter now.

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MarcusAurelius 1 point ago +1 / -0

Tony J. Blevins oversees Apple Inc’s global supply chain as Vice-President of Procurement. Since 2000, he has supervised a large international and multi-disciplined staff that has enabled innovative Apple products that include the original and all later versions of the iPhone, iPad, and iPod. Before joining Apple, Blevins held positions at IBM in engineering, finance, production control, and procurement while doing many international assignments which culminated in a role as Program Director at IBM’s development lab in Greenock, Scotland.

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MarcusAurelius 2 points ago +2 / -0

Don't worry guys. In 10 years I'm sure that Apple will be able to blame white patriarchy when some Chinese firm is eating their lunch while all their neurodivergent employees dilate, update their pronouns on their email signature, and smashes random store windows in poor neighborhoods for racial justice.

This dude was a techbro in the 1990s. At the height of our so-called civilization.

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MarcusAurelius 2 points ago +3 / -1

Too rich to find a man who makes more than her, but not enough to be a sugar mama.

Most of the men, who make substantially more than their wives, have little need of their wives money. Instead they either desire a wife to raise their children. Or an attractive girl in their 20s. Not some 35 year old project manager with some almost expired eggs.

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