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Popoto
Oct 21, 2012

miaow

Accretionist posted:

Any good reads or conference talks on this question:

Could the US implode without the rich feeling it?

Seems eminently possible, yeah, but I've never seen it really worked out.

physically and financially? of course. socially? I’m not so sure.

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Popoto
Oct 21, 2012

miaow

What happens when the blue streams cross?

Popoto
Oct 21, 2012

miaow

Zudgemud posted:

While the trash might be incinerated in both cases plastic waste can usually be burnt at a higher temperature which make it a good fuel for some industrial ovens. Cement making is one case i think. So there can be be a use in sorting plastic even if it all goes up in flames in the end.

its probably a better use than loving dumping it in the oceans.

Popoto
Oct 21, 2012

miaow

samantonio posted:

Not gonna lie fellas, this past couple months has been hard. Lost two jobs back to back, stuck in a place I cannot afford with my dad who is ailing and SSI and combined cannot afford the cost of the suburbian 3bd we're in. We're very close to being homeless and I've been getting slammed by potential businesses because I have a felony. If I can pull myself out of this by researching reddit and putting a tiny bit of what I was able to save back on a drat meme stonk and betting against a system that is bleeding me and others like me dry it's going to be lolz for months.

goonspeed. may you destroy a venture firm.

Popoto
Oct 21, 2012

miaow
I’ve bet 30$ myself (what I can afford to lose). this poo poo is hilarious

Popoto
Oct 21, 2012

miaow

dex_sda posted:

the beauty of this is they gotta pay. So they bankrupt and their company turns into a crater with billions of debt. In this case it means the bagholder is the parent company

Im still waiting to see what will be the first domino to start killing these zombie companies one after the other.

Popoto
Oct 21, 2012

miaow

dead gay comedy forums posted:

https://www.highshortinterest.com/

loving lmao the madmen, the lads, the huns took it down

hope someone took a screen

Popoto
Oct 21, 2012

miaow
As a Canadian I’m using the Wealthsimple app since I can’t see Robinhood on the App Store (prob a us only app).

WA keeps a three days delay on being able to then use it to trade. are there any other, better more instantaneous apps?

Popoto
Oct 21, 2012

miaow
so it seems I’ll only be able to get on this party train by Monday.

what’s people bets on this extending into next week with other companies on the short interest list?

Popoto
Oct 21, 2012

miaow
disclaimer: I know I will be gambling 30$ and can afford to lose that money.

now: is this still going to be on for other companies on Monday? can this trend simply continue down the lists of high short interests companies? just want to join the class war.

Popoto
Oct 21, 2012

miaow

Gorson posted:

Cumshitter has been saying over and over and over do not play with money you can't afford to lose. If you are playing with money you cannot afford to lose you are by definition a degenerate gambler and need help now.

there is going to be very sad people in a few days that put their life savings into this and they will be left holding the bag. that much is a given.

I’m hoping that people getting into this for the lols realize it’s only a lol if you don’t gamble your life on it.

I like to constantly use the word “bet” when talking about buying stocks. it reinforces the idea.

Popoto
Oct 21, 2012

miaow

mightygerm posted:

gently caress why does it take multiple days to transfer money into these apps
im going to MISS OUT

im with you by the sidelines.

:hfive:

until monday though, then I'm all in with 3x:10bux:

Popoto
Oct 21, 2012

miaow

spacemang_spliff posted:

as an experienced investor who totally knows what he's doing: I put in a $50 order to buy AMC at $13 before the mkt opens. Does that mean I'm buying $50 worth of stock at its current value or am I buying like 3 shares at $13?

I assume i'm going to lose it all that's why I only did $50

you're buying them at the price they'll be at 9:30am... is what i understand.

this is not financial advice

Popoto
Oct 21, 2012

miaow

ErrEff posted:

Is this the bitcoinification of the traditional stock market? Will everything turn into a pump and dump now?

this is history in the making. if the market survives friday, we're in for some fireworks in the coming months because of what it'll light in the average layman's head.

Popoto
Oct 21, 2012

miaow

CuddleCryptid posted:

Heavy investments by people unfamiliar with the situation into worthless penny stocks with the hope that someone on the internet will decide to meme you into wealth, correct.

A lot of people are going to underestimate what went into making this stuff happen and lose everything gambling.

compound them losing their shirts with the market elite banning/giving trouble to the small time investors and they risk becoming a scapegoat. people will be clamoring for blood instead of money. i feel this could also coincide with the monetary squeeze people have been feeling for a year and...

poo poo i don't know but strap in:

chaos reigns

Popoto
Oct 21, 2012

miaow

mtcr posted:

How long do you guys think people are gonna hold?

about 36 hours

Popoto
Oct 21, 2012

miaow
I’m hooting and hollering here

Popoto
Oct 21, 2012

miaow
lol if this reaches 700 today

Popoto
Oct 21, 2012

miaow

Popoto
Oct 21, 2012

miaow

uncop posted:

TBH I think the US empire is in a similar position as the Western Roman Empire: it was using its massive power to keep the slave system going in Europe against all sense, and in the end the whole economic system fell along with the state. The fall of the US empire would strike a deathblow to capitalism in Latin America.

stop i can only cum so much

Popoto
Oct 21, 2012

miaow

samantonio posted:

[Doomsday Economics] I called AMC Customer Service... They asked me to please hold

Popoto
Oct 21, 2012

miaow

ah yes, “police” and “abuse”, two words seldom seen together.

Popoto
Oct 21, 2012

miaow

Raccooon posted:

Austrian economics started from businesses not wanting government regulations/provide counter arguments to socialist critiques. Its just a bunch of bullshit laid on top to provide justifications and cover for that. Makes sense that it is complete hot garbage.

Similar to how the laffer curve is just a rhetorical device to argue for lower taxes. Even if you accept that this simplistic view of taxation is correct and that lowering taxes could boost economic activity and therefore tax revenue. At no point do any of the proponents explain what part of the curve the current tax rate sits on or how they calculated that. Because there is no way to know where the maximum tax revenue would be. Its just supposed to be accepted that the US is currently to the right of the curve so we should lower taxes to get maximum tax revenue. I have never seen anyone use it to argue that the current tax rate is to the left of the curve so we should raise it to reach maximum tax revenue.

wasn’t it one of the GalCiv games that modeled the laffer curve in? boy did that make me mad then. “you are taxing your people above 30%! now they have less money to give you in increasing amounts, giving each successive 10% diminishing returns!!!”

Popoto
Oct 21, 2012

miaow

Empress Brosephine posted:

I feel like some o you need to go outside. The real world is not as depressed / gently caress 2020 as you may seem it is, especially in rural parts of the nation where life has just gone on.

2020 definitely made me wish I lived some place rural. they got that right.

Popoto
Oct 21, 2012

miaow

MysteriousStranger posted:

The problem is that "saving" does not work. The housing costs go up faster than you can save, it's a fools errand here. There's three ways to get a house. You got hired at 250k with 4 250k bonuses a year and a portion of the wins on your cases/contracts (this is what my friend did). Your parents buy you it. Or your parents die and you use that money. Which is always countered with "everyone here makes 100k plus and they love renting", but no, people loving hate renting, and people really loving hate 1500+ for a studio.

And the corporations aren't even American. It's all Chinese and Saudi money sucking everything up. It's all managed by US firms who run the basic operation but the money all goes to some sovereign wealth fund. The majority of "private" owners are people who went to Georgetown or GW from overseas and their parents bought them the condo as a gift for while they were in school. It's not their fault, but it is what it is.

And you are completely right, if we put a stop to it the entire poo poo system would come crashing down and billions of dollars would instantly evaporate.

I found an "affordable" place at 500k for one a bedroom and then there was the catch, the land lease runs out in 20 years at which point they sell it off and tear down the building and no they don't buy your home from you, you just lose your home and all your money!

wait what the gently caress, you can buy a house without owning the plot of land it's own???? jeezus

Popoto
Oct 21, 2012

miaow

Pittsburgh Fentanyl Cloud posted:

Guy I worked with moved to Dalton GA fresh out of college to take a job as a process chemist at a company that made foam rubber.

He asked the boss for a raise after a probationary period and the boss said, "$12 an hour out of college was good enough for me, and it's good enough for you."

His boss graduated from college in 1974

lol that's 67$/h adjusted for inflation/purchasing power.

Popoto
Oct 21, 2012

miaow
what the gently caress is a slack???

Popoto
Oct 21, 2012

miaow

how did only 230K job got lost during the pandemics? I thought it was much higher?

Popoto
Oct 21, 2012

miaow

redleader posted:

oh no my dishwashed fork is slightly discolored yet still entirely functional

if you leave rice out for an hour outside the fridge, you're bound to get e.coli poisoning

Popoto
Oct 21, 2012

miaow

Mr. Nice! posted:

and egyptian corvee labor used the power of the flooded nile to build them. they'd attach buoyant reeds to the giant stone blocks and float them into place. they had canals leading to the pyramids and would actually build elevated canals while working their way up to move stones into place on higher levels. here's a video that describes the process:

https://www.youtube.com/watch?v=C1y8N0ePuF8

haven't checked the video, so maybe they do say inside, but where did they get the info on how this was done? As far as I know the method of construction had been lost to time. Did new archeological finds reveal the answer?

Popoto
Oct 21, 2012

miaow

samantonio posted:

So that I'm not making GBS threads up this thread I'll draw a parallel to a conversation I was having just yesterday with my boss. He got pissy when I mentioned the recurring stimulus idea that's being pitched by 22 dem senators. He says that we shouldn't have gotten any stimulus because we have jobs. I told him it's a struggle to just survive on what we get paid at this job. He explains that he is getting ready to start his second full time job. His girlfriend also works and they collect money from the government for childcare. I mentioned that we as humans shouldn't have to work that much to survive. We're the only creature on the planet that requires money to survive. That we should be able to do what we want in life, what makes us happy and not have to worry about doing a poo poo job so some boss can make record profits, etc.

His response was that if I want to survive I should just work more hours. I responded that that is a lovely system, that progressive countries in the world don't require you to work 60-80 hours just to be able to support a family. His response was, so what, that's the way it is. That the REALITY. I told him I reject that idea as what SHOULD BE. He said it doesn't matter, it's the way it is, and asked, what are you gonna do about it, since that's the way it is are you going to work to get what you want (meaning work MORE hours to be be able to survive) or let the system roll over you. Again, I said I reject the premise that this is the way it should be. It should not be this way.

We went back and forth for a minute, him asking if I'm going to swim with the current or let the stream drag me under, me stating that I reject that we have to even be in the water, we can be on the shore enjoying ourselves, when he was finally like, "holy poo poo you really ARE a socialist." Uh, yea. Been saying this. He finally settled on, "well to make the changes you're talking about we would need a revolution." My response? Okay. Let's do it. Right now. Right this loving second. Why are we still standing around accepting this poo poo, let's march, let's loving do something instead of just complaining about it sucking every day.

So here's your parallel. This thread (through it's two iterations) has been "predicting" the end of the economic world every day for the past four years. July 2017 it was started. And every day it's the same poo poo, "today is the day! Blood today! Number can't keep going up!" And every day all we're.doing is just sitting here watching the system gently caress us over without actually doing ANYTHING to change it.

It reminds me of the conspiracy freaks that have just "woken up" to how everyone in the government is in on this mass fraud to gently caress us over. Okay, now what. What is the next step. We've figured out that they are all in some shadowy cabal pulling strings. What do we DO about it. They usually just stare at you and say, "don't you get it, man!? They're lizards 🦎!!!" Okay, I'm down with eradicating some lizard people. When do we start? There's never an answer. It's just more of the same stalling. Because there IS no plan. They just want to complain.

And I fear that's all this thread is. Just complaining about the system without actually doing anything about it. And if the response is truly "you can't do anything about it" then why are we doing it? Is it just cathartic to complain every day? Do we even care to want to change or do we just want to whine?

there are other threads and forums for organizing a response/actions. seek them out.

Popoto
Oct 21, 2012

miaow

linoleum floors posted:

Inflation literally does not exist

Related to -inflation not existing-, what's causing it right now? I mean, I know the printer is the main cause, but I've always been dumb as to what causes inflation (like I know just printing money doesn't make magical inflation, it's then how you use that additional money that might cause it, right?). I have a friend that keeps droning on about UBI, for example, and while it feels like it would be a good stopgap measure to help reduce the speed of our crumbling consumer base, I also feel it would be yet another hyper inflation driver. Does anyone have the answer to that?

Popoto
Oct 21, 2012

miaow

Orange Devil posted:

The German city of Trier used to be the capital of the Roman empire. It's situated on the river Moselle. The city has 3 bridges crossing this river. One of them, which now is a two-lane road with pedestrian paths on each side, is part of the UNESCO world heritage site of the cities Roman history. Because it was built by the Romans, in the 2nd century AD. So like, 1800 years ago.

The Italian city of Verona has a Roman amphitheatre in use for opera productions and concerts. It is known for its great acoustics and amazing ambiance. It was build in 30 AD.

Nothing we build today will be standing 1800 years from now. Yet we believe we are obviously superior in every way. I think about this often.

Civilization will be dead and long gone, buried under torrid weather. Eventually, aliens will show up to do some alien archeology. They'll be left thinking "how the gently caress did these so called Romans ever polluted their planet with plastic and poo poo?"

Popoto
Oct 21, 2012

miaow

Warmachine posted:

Not without writing way more words than I have the focus to write at 9AM. Keep in mind that "printing money" doesn't relate to actual printing of money, but rather that the Federal Reserve has effectively taken its feet off the breaks while the financial sector goes pig wild. I think Krugman describes it in one of his books that, paraphrasing, the Fed has the responsibility of taking away the punch bowl when the party gets too rowdy.

Well, instead the Fed keeps refilling the punch bowl with more jungle juice and bankers are swinging from the chandeliers and doing body shots and coke.

Contrast with a UBI scheme, which is a tool of Congress, not the Fed, and can be used with a tax scheme to effectively redistribute wealth from the top to the bottom. Much like the Fed, you can control how this grows or shrinks the economy by adjusting the tax and spend ratio. Tax a lot and spend nothing, and the economy shrinks (because dollars leave the private sector for the public sector). You could in theory create a contraction and remove money from the money supply while still handing out UBI checks every month.

That helps a bit. thanks ^_^

so what I’m getting is: speeding up how money shifts hand in the cycle (wheel) is good, but lowering it and pumping money in specific places of the wheel makes it lopsided and bad. is that a proper analogy?

Popoto
Oct 21, 2012

miaow
Wasn't the bronze age collapse a thing where you had close, massive civilizations trading together and were so interlocked, with each being highly specialized in different areas, that one falling for -reasons- basically brought the entire thing crashing down?

what im saying is get ready for the gold (as in circuits) age collapse!!!!1!

Popoto
Oct 21, 2012

miaow
semi collapse related: is there any way that the means of communications we have today could become totally disrupted, forcing communications to go back to physical means? I know there's a danger of solar flares disrupting satellites, and I wouldn't be surprised if as much has been done to prevent that eventuality than has been done to protect against any hypothetical pandemic, but I'm curious if there is anything else obvious that is ready to blind side us...

Popoto
Oct 21, 2012

miaow

Justin Tyme posted:

Nearly zero percent chance as long as electromagnetism doesn't somehow stop working in this universe.

bummer!

Popoto
Oct 21, 2012

miaow
anyone have good books to recommend on the idea of neofeudalism that’s approachable for a layman?

/edit/ I want to convince my boomer dad not to sell his house as a retirement fund. he’s addicted to reading books so it’s usually how I’m able to reach him.

Popoto
Oct 21, 2012

miaow

Orange Devil posted:

Reminder that those historical heights were one of the driving factors behind the Arab Spring revolutions.

also the french revolution

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Popoto
Oct 21, 2012

miaow
lol if everything goes up 8x. people making 80k/year suddenly left wondering why it feels like they’re making 10k/year while homeless armies form in the streets.

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