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Cake day: February 16th, 2025

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  • Calls to violence you mean?

    You want a circlejerk with no barriers, whereas I wish we could discuss the reasons why hes putting in tariffs and cutting spending. Project 2025 versus ETS2 for instance, or the fact China is buying fewer and fewer treasuries every year; leading to higher borrowing costs on leveraged economies globally as money is sucked into the US, to fund the spending they also cant afford.

    Even the global demographics look bleak given the amount of debt we’ve taken on, and people are still living in an MMT fantasyland as they roll over their mortgages from 2% to 6%.


  • I am just stating what I think is happening, and what their plans seem to be. Trump has denounced the project 2025 plan, but its from the heritage foundation and yet it talks about implementing a border wall, so its pretty obvious that it is Trumps plan given the absurd ridiculousness of a border wall. It also lines up with what he is doing, Musk and John Kennedy made speeches recently that all countries should remove all barriers to the US if they want the tariffs taken off themselves.

    Europe meanwhile has a full policy listed, where they say they will tariff foreign emitters, and then create a “social climate fund” for social goals. As they rush in a CBDC for October to push expiring stimulus and inflation quotas in the guise of carbon quotas to control monetary policy. Canada’s PM has already said they intend on signing onto this foreign emitter tariff system as well, and I’m sure other countries will be too.

    Maybe you can explain where I am misreading or misunderstanding the situation, I find it interesting and would love additional insight into whats happening globally, we are clearly in an era of upheaval.




  • Is US social security not the definition of a ponzi scheme, where new money pays for old money, as they obfuscate the fact its totally unfunded outside of current year debt accumulation?

    Can somebody correct me where I’m wrong here, and why it is sustainable in a rising interest rate environment and aging demographics where debt is more expensive to roll over. It seems to me if you even made it optional and allowed people to opt in the entire system would collapse, as it is entirely unfunded if not for the new entrants into the system, which again appears to be a ponzi scheme.



  • Well if hes following Project 2025, which it seems based on recent comments by Elon Musk, then hes expecting other countries to remove all tariffs first. As you say, chlorinated chicken, but if you dont then you dont get to sell your healthy chickens to America, and all that money you owe thats denominated in USD becomes very hard to acquire.

    Maybe the better option is to allow it but to label it with its harmful chemicals, let the free market decide, in a kind of democratic process of people determining their own marginal utility versus budget constraints. You can still buy cigarettes in the UK and Europe as well, so whats a bit of American chicken versus a lifetime of smoking?




  • Well its going to get more expensive relative as well as oil prices fall globally due to recession. But then we will hit another energy shortage and it will become cheaper, which is why France started building nuclear in the 1970s to begin with.

    It seems to me nuclear takes you off the ebb and flow of global energy prices, I’d prefer spending on nuclear rather than carbon capture which seems to be the existing plan of many countries to combat climate change.






  • turnip@lemm.eetoMemes@lemmy.mlTrickflation
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    1 month ago

    Weird what happens when 40% of the currency was printed in the last few years.

    Are we blaming the government who control interest rates, gamify the CPI to depress inflation, and who control the corresponding new money supply that drives up the price of basic goods?

    If housing, gold, and crypto are any indication people have far too much money than they know what to do with. You’d have to be a fool to not accumulate some cantillon effect for yourself when you’re government is throwing money away.



  • Ah interesting, thanks for the correction. Though since treasuries are paid by the government is it not then still a ponzi scheme, in the fact the bonds must be redeemed to pay for shortfalls, in which case the government must tax the existing population to pay for the redeemed bond to fund the old?

    If we are looking at our existing scenario with the baby boomers I’d assume we must be close to being forced to liquidate, and taxes will rise on the young for the bond repayment?

    If they allowed people to opt out would it not be the case that as people opt out you’d need to raise taxes on the young as more people opted out, since none of the money actually still exists, cascading into an insolvent system just like how a standard ponzi scheme unwinds?